Mandiri Capital Confirms Entering the Series G Funding Round for Bukalapak

Today BRI Ventures announced its involvement in the series G round at Bukalapak. After some time, Mandiri Capital Indonesia (MCI), investment Arm Bank Mandiri Group, was also involved in providing investment for Bukalapak in the same round.

To DailySocial, MCI CEO Eddi Danusaputro confirmed that MCI and BRI Ventures were included in the Series G round which is still ongoing this year with an undisclosed amount. “Right, MCI is coming fundingwith BVI to Bukalapak. We entered Series G this year," he said, Thursday (15/4).

Bukalapak is the second unicorn company portfolio for MCI, after Gojek. MCI previously exit when Moka is fully acquired Gojek. In return, the company gets cash and a minority stake in Gojek.

The Series G round held by Bukalapak was allegedly the closing round before the company went to the stock exchange. In this round, Bukalapak received a fund of $234 million and it is predicted that the value will be more than that because according to Bukalapak representatives, it is the value of raising funds since last year.

The ranks of investors who participated in the round included GIC, Microsoft, EMTEK, Standard Chartered, Naver, Mirae Asset-Naver Asia Growth Fund, BRI Ventures, and finally MCI.