Skip to main content

Bukalapak net income US$1.5 million every month

Tinuku ~ claims net income of Rp20 billion (approx US$1.5 million) every month. The Bukalapak e-commerce site founded by Achmad Zaky in 2010 always receives questions from many about Bukalapak's revenue value. For seven years Zaky might find it difficult to unlock his company secrets, now he has said it.

Tinuku Bukalapak net income US$1.5 million every month

Zaky always said it was too early to announce revenue considering Bukalapak is a pioneering company that focuses on user growth and the number of transactions growth.

But at a media conference on Wednesday, May 31, 2017 Zaky said about his company's earnings. He claims Bukalapak's monthly net income in 2017 is Rp20 billion.

"I am often asked about revenue, it is always included in the FAQ list, and in 2017 we hit net revenue of Rp20 billion every month," Zaky said.

The 31-year-old said the value of net income grew fivefold compared to the previous year. Zaky said the company is very aggressive promotions to better introduce the brand Bukalapak to build profits.

Promotion and branding is a must for e-commerce in Indonesia in business battle with other e-commerce. Bukalapak must fight directly with competitors are Tokopedia, Lazada supported by Alibaba, and Blibli which is supported by Djarum Group funding.

"We have to be creative in searching for unique promotional and marketing ideas to hit the public," Zaky says.

Bukalapak receives funding support from Emtek Group, throughout 2016 recorded daily transaction value of Rp50 billion. The value of this transaction grew rapidly compared to Rp7 billion in 2015 and only Rp500 million in 2014.


Popular posts

Norwegian Coastal Administration prepare Stad Ship Tunnel construction to cut shipping lanes Stad peninsula

Tinuku ~ Norwegian Coastal Administration has begun Stad Ship Tunnel construction as the world's first ship tunnel to navigation bypass at Norway windy sea. A design made 1,700 meters long tunnel through the hills on the Stad peninsula which allows the ship to escape from one of the most dangerous region in the world.

PayPal acquired Sweden's for $2.2 billion

PayPal Holdings Inc. said on Thursday it had agreed to acquire Sweden's for US$2.2 billion. Startup headquartered in Stockholm is one of the most renowned financial technology companies in Europe where the deal will allow PayPal to expand the market globally and will mark the largest acquisitions ever made by a company based in San Jose, California.

iZettle offers a mini credit card device for small businesses that can turn smartphones and tablets into payment registers. The company has been present in 11 countries and offers other services for small businesses including loans. iZettle also has plans to go public.

The deal will also help PayPal provide a more comprehensive suite of services to its merchants, while PayPal that operates in the next 200 countries allows iZettle to accelerate its international expansion including the US. Similar services and major competitors in the US are Square Inc founded by Twitter CEO Jack Dorsey.

Since separating from eBay in 2015, P…

Foxconn unit to raise $4.2 billion IPO in Shanghai

Foxconn unit to collect US$4.2 billion in an IPO on the Shanghai stock exchange. Taiwan's Foxconn Industrial Internet as one of Foxconn's electronics manufacturing giant units that makes cloud services and industrial robot equipment will float 10% of total shares in an initial public offering in China on Thursday aiming to raise 27.1 billion yuan as China's biggest mainland debut for three year.

Taipei-based Foxconn, also known as Hon Hai Precision Industry Co. is the world's largest electronics contract manufacturer, a major supplier of components and assembler products by international brands including Apple and Sony. Foxconn Industrial Internet will launch 1.97 billion new shares at 13.77 yuan per share to raise 27.1 billion yuan (US$4.2 billion).

The IPO will be the largest in mainland China since 2015. Foxconn said it will use the funds raised to improve smart manufacturing, build an internet platform to connect factories, invest in cloud computing and fifth gener…