Monday, November 23, 2020
Home Reviews Microsoft to invest in Ant Group-backed Indonesian startup Booklackpack

Microsoft to invest in Ant Group-backed Indonesian startup Booklackpack

Microsoft said on Tuesday that it has linked up with Ant Group-backed Indonesian startup Booklackpack and will invest in the e-commerce platform.

Under the deal, Buklak will adopt Microsoft’s Cloud stage Blue Microsoft provides digital skills training for BookPalc employees and their merchants, Microsoft said blog post. This partnership will result in cloud support services for over 12 million micro, small and medium enterprises with 100 million customers.

There will be three major initiatives in the partnership. First, it will build flexible cloud infrastructure to support six million online merchants and six million offline people. Secondly, it aims to bridge the digital divide, making the digital world relevant to every person on a daily basis. Finally, as previously mentioned, it will provide digital skills training for Bukalpak employees and their merchants.

Haris Izmi, president director of Microsoft Indonesia, said, “Through this partnership, merchants and consumers will have a more efficient and reliable buying and selling experience, which, in turn, creates business flexibility and enhances the Indonesian digital economy. Helps speed up. “

A Bukalpak spokesman confirmed the investment but declined to specify the amount. Microsoft did not immediately respond to a comment.

Bookpack, valued at over $ 2.5 billion (about Rs 18,600 crore), is backed by Singapore sovereign wealth fund GIC Pte Ltd and Indonesian media conglomerate MTech.

A bloomberg Report good It was previously said that the current backers of Bukalpak and Microsoft are investing at a valuation between $ 2.5 billion and $ 3 billion (about Rs 22,300 crore).

The report states that Microsoft has agreed to invest $ 100 million (about Rs 700 crore) in Booklap.

© Thomson Reuters 2020

Are iPhone 12 Mini, HomePod Mini the Perfect Apple Device for India? We discussed it Of class, Our weekly technology podcast, which you can subscribe through Apple Podcast, Google Podcast, or RSS, Download episode, Or simply hit the play button below.

Source link

Gautam Bisht
Hey there, welcome to I am Gautam Bisht, a Digital Entrepreneur from India. My mission is to help people build their own digital assets and one of them is BLOG and I’m here to help you build and grow a successful money-making blog


Please enter your comment!
Please enter your name here

Most Popular

Lenovo, Apple Lead PC Segment in Q3, Chromebooks Bestsellers: Canalys

According to a market analysis report by research firm Canalys, Chromebooks and tablets saw a boom in the third quarter of 2020, while...

macOS Big Sur now available: how to download and install

macOS Big Sur is out now. The new MacOS update, the largest of 2020, brings a range of new features for Mac...

Apple to Launch M1-Powered 14-Inch, 16-inch MacBook Pro Laptop and New Mac Pro in 2021: Report

Apple could reportedly launch new 14-inch and 16-inch MacBook Pro laptops in 2021 powered by its new in-house M1 chip. According to...

MacBook Air with M1 processor beats 16-inch MacBook Pro, all other processors on Geekbench leaderboard

The MacBook Air is spotted on Geekbench with the new M1 processor and it outperforms the 16-inch MacBook Pro with the Intel Core...

Recent Comments