The latest funding round comes amid increased interest from global investors in gaining exposure to the Southeast Asian technology sector.
The funding round also included SC Ventures, the investment arm of Standard Chartered, and South Korean web portal Naver Corp.
According to Reuters, Bukalapak is expected to face stiff public market competition from Indonesian ride-hailing and payments company Gojek and larger ecommerce rival Tokopedia, which sources say are close to finalising a merger ahead of a potential dual listing in Jakarta and the US.
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