Bukalapak becomes Indonesia’s 4th unicorn startup
Bukalapak CEO Achmad Zaky announced that the e-commerce platform had officially become Indonesia’s startup unicorn, as the company was now valued at over US$1bn. This achievement has made Bukalapak the country’s 4th unicorn startup after ride-hailing app Go-Jek, online booking platform Traveloka and e-commerce platform Tokopedia. The government has set a target of creating five unicorn startups by 2020. Bukalapak’s achievement has taken Indonesia closer to that target. the company is currently building a research and development (R&D) center in Bandung, West Java. Set to start operating in mid-2018, the R&D center aims to attract 200 engineers to create innovative products.