Sequoia India-backed Lummo said to be weighing shutdown, to return over $70m to investors

Sequoia India-backed Lummo said to be weighing shutdown, to return over $70m to investors

Lummo App illustration. (Photo courtesy of Lummo)

Indonesian bookkeeping startup Lummo, previously known as BukuKas, may close shop and return over $70 million of the funding it has raised to investors, multiple sources aware of the development told DealStreetAsia.

Edited by: Joymitra Rai

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