<article>Online marketplace <a style="color: #000080;" href="https://www.dealstreetasia.com/tag/bukalapak/">Bukalapak</a> has officially announced fresh funding from the Mirae Asset-Naver Asia Growth Fund.</article>

Online marketplace <a style="color: #000080;" href="https://www.dealstreetasia.com/tag/bukalapak/">Bukalapak</a> has officially announced fresh funding from the Mirae Asset-Naver Asia Growth Fund.
Reuters cited a Mirae Asset statement that its partnership fund with Naver will invest $50 million in Bukalapak. DEALSTREETASIA could not independently identify the statement.
&#8220;This investment is a co-investment fund collaboration between financial companies and one of the most rapidly growing technology companies in Southeast Asia which also has strong characteristics. Through a variety of strategic collaborations, we will support Bukalapak to continue growing,&#8221; said Jikwang Chung, head of new growth investment at Mirae Asset Capital.
DEALSTREETASIA last week reported that the Indonesian company was set to announce this latest round of funding, with Alibaba’s <a style="color: #000080;" href="https://www.dealstreetasia.com/tag/ant-financial/">Ant Financial</a> probably participating as its follow-on investment, along with South Korean internet major <a style="color: #000080;" href="https://www.dealstreetasia.com/tag/naver/">Naver</a>.
Ant Financial is an existing backer of Bukalapak. The financial services arm of <a style="color: #000080;" href="https://www.dealstreetasia.com/tag/alibaba/">Alibaba</a> has pushed its business in Indonesia since 2017 when it formed a mobile payment joint venture with <a style="color: #000080;" href="https://www.dealstreetasia.com/tag/emtek/">Emtek</a>, the largest shareholder of Bukalapak.
Singapore’s <a style="color: #000080;" href="https://www.dealstreetasia.com/tag/gic/">GIC</a> is also an investor in Bukalapak. The Singapore sovereign fund joined a 2017 funding round that valued the e-commerce startup at over $1 billion.
Bukalapak said there were more than 2 million daily transactions on its platform. Its transaction revenue in the last quarter already exceeded the 2017 annual revenue.
The company has to date connected its 50 million users to 4 million small businesses, 500,000 kiosks which joined Mitra Bukalapak and 700,000 independent businesses person across Indonesia.
Mirae Asset and Naver launched their Asia Growth Fund last year at nearly $1 billion. It has joined the recent $2 billion investment in Grab, led by Toyota.
Also read:
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/indonesia-bukalapak-naver-ant-financial-117206/">Indonesia’s Bukalapak to announce new funding, Naver, Ant Financial likely new backers</a>

Online marketplace Bukalapak has officially announced fresh funding of upto $50 million from the Mirae Asset-Naver Asia Growth Fund. 

Indonesia's Bukalapak secures fresh funding from Naver-Mirae Asia Growth Fund

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Indonesia's Bukalapak secures fresh funding from Naver-Mirae Asia Growth Fund

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