Microsoft to Join $100 Million Investment in Indonesia’s Bukalapak
- Existing backers GIC and Emtek Group are also joining funding
- Microsoft says in a statement it’ll make strategic investment
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Microsoft Corp. has agreed to join a $100 million investment in Indonesian online marketplace PT Bukalapak.com, according to people familiar with the matter.
Microsoft and existing backers GIC Pte and PT Erlang Mahkota Teknologi, better known as Emtek Group, are investing at a valuation of between $2.5 billion and $3 billion, said the people, who asked not to be identified as the details are private.