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New Deal


Announced

Shinhan Financial invests in Bukalapak.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Single Bidder

E-commerce

online marketplace

e-commerce

Indonesia

Acquisition

Pending

Private

Friendly

Minority

Synopsis

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Shinhan Financial Group, a leading Korean financial holding company invests in Bukalapak, a leading e-commerce group. Financial terms were not disclosed. Apart from its core online marketplace business, the company offers a slew of products such as streaming video features, offering mutual funds and fintech products. It also allows users to purchase phone credit and pay electricity and insurance bills. The current Series F funding round helps Bukalapak to raise its valuation to $2.5bn.

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