Bukalapak

Founded by Achmad Zaky, Fajrin Rasyid, and Nugroho Herucahyono in 2010, Bukalapak is one of the largest ecommerce marketplaces in Indonesia.
Bukalapak revenue up 29% as adjusted EBITDA turns positive
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Bukalapak revenue up 29% as adjusted EBITDA turns positive

Gaming revenue also grew 42% year-on-year, driven by Bukalapak’s international expansion efforts.
Grace Priscilla Teo · · 1 min read
Bukalapak reshuffles leadership after first annual profit
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Bukalapak reshuffles leadership after first annual profit

The move followed shareholders approval of board and management changes at its annual general meeting on June 11.
Naomi Li Gan · · 1 min read
The Nadiem effect on investors, talent, and Indonesia
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The Nadiem effect on investors, talent, and Indonesia

Makarim’s corruption case has led founders, executives, and overseas Indonesians to ask: When does a policy decision become personal legal liability?
Julian Isnan · · 6 min read
Bukalapak Q1 revenue jumps 63%, turns EBITDA positive
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Bukalapak Q1 revenue jumps 63%, turns EBITDA positive

The company also reported a contribution margin of 98 billion rupiah (US$5.68 million), up from the same period last year.
Diya Lal · · 2 min read
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Bukalapak revenue jumps 46% on gaming growth

The gaming segment, via Itemku and Lapakgaming, contributed 1.5 trillion rupiah (US$88.7 million) in 4Q25, up 8% quarter-on-quarter.
Grace Priscilla Teo · · 2 min read
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Bukalapak’s financial health in 6 charts

These charts offer a snapshot of how Bukalapak is performing.
Miguel Cordon · · 1 min read

The geopolitics of AI in India

Trade tensions test India’s AI ambitions, while Indonesia faces a slowdown fueled by a shortage of founders.
Samreen Ahmad · · 4 min read
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Bukalapak’s Q3 revenue up 1%, adjusted EBITDA negative

The company’s gaming segment remained its top earner, posting 1.4 trillion rupiah (around US$84.3 million) in revenue.
Minh Le · · 2 min read
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Bukalapak Q2 profit jumps 218%, revenue tops $97m

As of June 30, 2025, Bukalapak held 18.5 trillion rupiah (US$1.1 billion) in total cash, cash equivalents, and liquid investments.
Grace Priscilla Teo · · 2 min read
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Lean giants or labor armies? SEA’s revenue per employee revealed

Find out which companies and industries in Southeast Asia’s tech ecosystem are bringing in large revenues with small teams.
Miguel Cordon · · 3 min read