Bukalapak in talks with local billionaire’s business for potential partnership

Details:

• The Jakarta-based firm is currently in talks to enter a number of partnerships with Salim’s businesses, Bukalapak president Teddy Oetomo said in a conference call.
• The broad deal could also involve Emtek Group, the ecommerce firm’s largest shareholder, in which Salim owns a 9% stake. However, the details have not been finalized.

Dive deeper:

• Salim Group counts Indofood Sukses Makmur, one of the largest instant noodles makers in the world, as part of its portfolio.
• meanwhile, Indonesia’s first listed unicorn reported a 35% jump in revenue to US$60.5 million, following a massive improvement in the performance of its online-to-offline segment, Mitra Bukalapak. (See also: 9 highlights from Bukalapak’s confidential investor deck)