GIC acquires additional stake in Indonesian unicorn Bukalapak for $95m

GIC acquires additional stake in Indonesian unicorn Bukalapak for $95m

Photo: Bukalapak

Singapore’s sovereign wealth fund GIC has invested as much as 1.4 trillion rupiah (about $95 million) in Indonesian e-commerce giant Bukalapak, thereby taking its stake in the company to 11%, per a regulatory filing.