Bukalapak (BUKA IJ) - Empowering Mitra and Creating Shopfronts
202 Views, 06 Dec 2021 12:49
Bukalapak (BUKA IJ) released an impressive set of 3Q2021, driven by explosive triple-digit TPV growth in its Mitra business, which enables mom&pop stores (Warungs) in Indonesia, along with higher take-rates.
The slower growth in marketplace was accompanied by lower S&M costs, as the company transforms this business towards an online specialty store model, which is gaining traction.
Bukalapak (BUKA IJ) looks to be misunderstood by retail investors, presenting an opportunity after the post-IPO correction, with a number of new initiatives gaining momentum in Mitra and marketplace.