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Despite upsides in revenue, TPV and take rate, Indonesia s Bukalapak stays in red

Bukalapak showed several positive developments in its total processing value, revenue, and take rate in Jan-Sept 2023.

Niko margaronisDanareksa sekuritasPt allo bank tbkBank tbk

Indonesia s GoTo raises $150m from IFC, Franke & Company via convertible bonds

GoTo has raised an investment of $150 million from IFC and US-based private equity firm Franke & Company, according to a company statement.

Multifinance anak bangsaDanareksa sekuritasPatrick walujoSolusi niagaNiko margaronisBhinneka holdingsGoto financial internationalInternational finance corporationSwift logistic solutionsFranke companyWorld bankGoto financial international limitedGoto solusi

Bukalapak slips into the red in H1, but may turn adjusted EBITDA positive this year

Losses in H1 stood at 389.27b rupiah, compared with a profit of 8.6 trillion rupiah in the same period of 2022.

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Indonesia s Bukalapak returns to red in Q1, continues efficiency efforts

Bukalapak recorded 1 trillion rupiah in losses in Q1 2023, a stark contrast from the 14.55 trillion rupiah in profit a year earlier.

Danareksa sekuritasNiko margaronisMitra bukalapakPt allo bank tbk

Indonesia s GoTo trims net loss by 41% in Q1, inches closer to profitability

GoTo's loss for the three months ended March 31, 2023 stood at 3.9 trillion rupiah, compared with 6.6 trillion rupiah in the same period of 2022.

Andre soelistyoDanareksa sekuritasNiko margaronisGoto group

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