Bukalapak expects revenue to rise 61% this year, but losses could widen

Bukalapak expects revenue to rise 61% this year, but losses could widen

Mitra Bukalapak. Photo: Liputan6

Indonesian e-commerce major Bukalapak is eyeing revenues of 2.7-3 trillion rupiah (roughly $180-200 million) this year, an increase of up to 61% from 1.87 trillion rupiah recorded last year, according to the company’s presentation to the Indonesia Stock Exchange (IDX).