Under the deal, Bukalapak will adopt Microsoft’s cloud platform Azure and provide digital skills training for Bukalapak employees and their merchants, Microsoft said in a blog https://news.microsoft.com/id-id/2020/11/03/bukalapak-establishes-strategic-partnership-with-microsoft-to-enhance-indonesian-e-commerce post.
A Bukalapak spokeswoman confirmed the investment, but declined to specify the amount. Microsoft did not immediately respond to comment.
A Bloomberg report earlier said that Bukalapak’s existing backers and Microsoft are investing at a valuation between $2.5 billion and $3 billion.
Microsoft has agreed to a $100 million investment in Bukalapak, the report added.
(Reporting by Maria Ponnezhath in Bengaluru; Editing by Bernard Orr)