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Indonesia's BukuKas raises $80m, plans foray in other SE Asian nations

The funding has been led by Tiger Global Management and Sequoia Capital India.

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BukuKas gets $50M from investors including DoorDash's Gokul Rajaram and TransferWise founder Taavet Hinrikus – TechCrunch – Bestgamingpro

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BukuKas co-founders Krishnan Menon (left) and Lorenzo Peracchione (proper) with a BukuKas person
BukuKas, a startup targeted on digitizing Indonesia’s small companies, has raised $50 million in Sequence B funding. The spherical included participation from Gokul Rajaram, the DoorDash government, and Taavet Hinrikus, co-founder and chief government officer of TransferWise.
This information comes simply 4 months after BukuKas introduced a $10 million Sequence A led by Sequoia Capital India. BukuKas will use its Sequence B to rent for its engineering and product groups in Jakarta and Bangalore, and launch new companies for retailers.
“We’ve been rising actually quick and there was plenty of curiosity from some superb folks,” chief government officer Krishnan Menon advised TechCrunch. “This isn’t a capital-need primarily based increase, however extra of a tactical increase and having the proper folks again us long run.”

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Indonesian MSME bookkeeping startup BukuKas raises $50m in Series B funding

Indonesian MSME bookkeeping startup BukuKas raises $50m in Series B funding
Lorenzo Peracchione, COO and Co-Founder of BukuKas and Krishnan Menon, CEO and Co-Founder of BukuKas
May 18, 2021
Indonesia’s BukuKas, which offers a bookkeeping app for micro, small and medium enterprises (MSMEs), on Tuesday announced it has raised $50 million in Series B funding.
The round was backed by angel investors Gokul Rajaram and TransferWise co-founder Taavet Hinrikus, per a statement.
The funding comes four months after BukuKas’s $10 million Series A round, led by Sequoia Capital India, in January.
Starting with a digital ledger app for small business owners, BukuKas today also provides inventory management, invoicing, and analytics to its clients.

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BukuKas raises $10 million led by Sequoia Capital India to build a "end-to-end software stack" for Indonesian SMEs – TechCrunch

BukuKas raises $10 million led by Sequoia Capital India to build an ‘end-to-end software stack’ for Indonesian SMEs
The backbone of Indonesia’s economy are small to medium-sized businesses, which account for 60% of its gross domestic product. Many still rely on manual bookkeeping, but the impact of COVID-19 has driven small businesses to digitize more of their operations. BukuKas, one of several startups helping SMEs go online, announced today it has raised a $10 million Series A led by Sequoia Capital India.
BukuKas launched in December 2019 as a digital bookkeeping app, but is growing its range of services with the goal of creating an “end-to-end software stack” for small businesses. Eventually, it wants to launch an SME-focused digital bank.

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Indonesian fintech platform BukuKas bags $10m Series A led by Sequoia India

Indonesian fintech platform BukuKas bags $10m Series A led by Sequoia India
From left to right: Lorenzo Peracchion, BukuKas co-founder and COO and Krishnan Menon, BukuKas co-founder and CEO
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BukuKas, a digital ledger app for micro, small, and medium enterprises in Indonesia, has raised $10 million in a Series A funding round led by Sequoia Capital India, the company said in a statement.
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