Samreen Ahmad · · 1 min readBukalapak founder, 500 Global back seed round of Indonesian ecommerce enabler
Komerce cofounders (from left) Satriyo Budi Utomo, Nofi Bayu Darmawan, and Syaefullah Syeif / Photo credit: Komerce
Achmad Zaky, founder and ex-CEO of Bukalapak, has backed the seed round of Komerce, an Indonesian company that offers end-to-end ecommerce solutions for local SMEs.
He invested alongside 500 Global in the ecommerce firm’s seed funding round – further details of which were kept undisclosed.
Komerce was founded in 2020 by Nofi Bayu Darmawan, with co-founders Syaefullah Syeif and Satriyo Budi Utomo joining in 2021. The solutions it offers include remote teams for ecommerce development, e-fulfillment, and customer relationship management, among others.
The startup has 25,000 SMEs in its ecosystem, which recorded over 2 million transactions in 2023.
Claiming to have achieved profitability since early last year, Komerce also said it recorded a 300% year-over-year revenue growth throughout 2023.
Darmawan said the funding will be used to develop products and expand into new markets. These plans come as ecommerce penetration in Indonesia – which was at 32.1% in 2023 – is estimated to touch 46.5% by 2028.
See also: Ecommerce enablers: Southeast Asia’s next big opportunity?
Editing by Miguel Cordon and Dhania Putri Sarahtika
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