How Bukalapak founder Achmad Zaky's exit serves as warning to SE Asian startups

How Bukalapak founder Achmad Zaky's exit serves as warning to SE Asian startups

Achmad Zaky with Bukalapak CEO Rachmat Kaimuddin

Achmad Zaky spoke with unusual candor after taking the stage in Jakarta that October afternoon. People stopped chattering and lowered their phones when he began recounting the decade he spent building one of Indonesia’s most successful startups. What none of the hundreds in the cavernous hall knew then: it was his last big public act as chief executive of Bukalapak.com.