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Aditya Hadi Pratama · · 1 min readDjarum Group-backed Indonesian ecommerce firm claims it’s a unicorn
“Kusumo Martanto, chief executive of Indonesian ecommerce firm Blibli, has declared that his company has secured unicorn status,” DailySocial reported.
Details:
- Martanto said in an interview that while his company has not made any public announcement about its status as a unicorn, the size of its business had gone past billions of dollars.
- Blibli is an ecommerce firm backed by Indonesian conglomerate Djarum Group, which has big businesses in the tobacco and banking industry.
Dive deeper:
- Recently, Blibli partnered with Blu, which is a newly launched digital banking app affiliated with Indonesia’s largest private lender Bank of Central Asia. The banking giant is also a subsidiary of Djarum Group.
- If the claim is true, Blibli would be the latest Indonesian ecommerce company to reach a valuation of more than US$1 billion, following the likes of Tokopedia and Bukalapak. (Read: The key players in Indonesia’s ecommerce industry)
Editing by Collin Furtado and Arpit Nayak
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