Microsoft To Invest In Ant Group-backed Indonesian Startup Bukalapak

Corp has linked up with Ant Group-backed Indonesian startup Bukalapak and will invest in the e-commerce platform.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 post.

A Bukalapak spokeswoman confirmed the investment, but declined to specify the amount. Microsoft did not immediately respond to comment.Bukalapak, which is valued at more than $2.5 Bn, is also backed by Singapore sovereign wealth fund GIC Pte Ltd and Indonesian media conglomerate Emtek.

Bukalapak’s existing backers and Microsoft are investing at a valuation between $2.5 Bn and $3 Bn.Microsoft has agreed to a $100 Mn investment in Bukalapak, the report added.

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