May 17, 2020

The January edition of Gigabit magazine is now live

Digital Transformation
William Smith
1 min
Welcome to the January issue of Gigabit magazine!
The January edition of Gigabit magazine is now live, read it here

Appearing on our cover this month is NTT DATA. We spoke to Sharath Burla, CEO of NTT...

The January edition of Gigabit magazine is now live, read it here

Appearing on our cover this month is NTT DATA. We spoke to Sharath Burla, CEO of NTT DATA Business Solutions APAC, and Geuko Bosker, senior advisor to the CTO of NTT DATA Corporation, about how the company adds new value to customers’ businesses.

It’s NTT DATA’s experience that draws customers to its services. “Our tagline is ‘we transform trust into value’,” explains Burla. “Our proven knowledge and expertise, along with our onsite, offsite, and offshore methodologies and execution processes have made us a marketplace leader. Success requires agility and vision to act decisively.”

Elsewhere, we tested out Medtech unicorn MindMaze’s suite of neurorehabilitation technologies, and found out from its founder and CEO about the company’s anticipated trajectory into building human-machine interfaces.

Don’t miss our special report in which Harry Menear explores the past, present and future of smart cities and the increasing demand for data centre capacity that they’re driving.

In our Top 10, smart cities once again draw our attention as we count down the European and Asian conurbations which dominate the world’s smart city rankings.

Don’t forget to read our other feature interviews with AXA Gulf, Al-Yaqout Group, Aster Hospitals UAE, T2 Tea, LOTTE Wedel, CORESTATE Capital Group and GOIKO.

Share article

Jul 21, 2021

Bukalapak raises $1.5bn in record Singapore IPO, say sources

2 min
Reuters is reporting that the Indonesian ecommerce giant Bukalapak has raised $1.5 billion in its IPO, making it Singapore’s largest issue

Bukalapak, currently the fourth largest Indonesian ecommerce company, is said to have raised $1.5 billion in the first IPO by an Indonesian tech unicorn.

Three unidentified, but likely reliable, sources told Reuters the order books for Bukalapak’s IPO were covered by multiples, with one source claiming the issue attracted more than $6 billion in demand despite being listed at the top of its indicated price range.

Bukalapak's 50x growth

Bukalapak was looking to raise just $300 million just a few months ago. The figure grew to $800 million before rising to $1.5 billion as investors jockeyed for a piece of the company.

Covid-19 has had a positive impact on many ecommerce operators, and Bukalapak also has strong investment lines via Singapore sovereign investor GIC and Microsoft, among others. The company focuses on micro, small and medium-sized enterprises.

Indonesia is Southeast Asia’s biggest economy.

Indonesia’s four biggest ecommerce companies

Tokopedia is an Indonesian technology company specializing in e-commerce. It was founded in 2009 by William Tanuwijaya and Leontinus Alpha Edison.

Shopee was first launched in Singapore in 2015, and later expanded its reach to Malaysia, Thailand, Taiwan, Indonesia, Vietnam, the Philippines, Brazil, Mexico, Chile, and Colombia.

Lazada is a Singaporean multinational technology company which focuses mainly on e-commerce. Founded by Maximilian Bittner with the backing of Rocket Internet in 2012, it is currently owned by the Alibaba Group after its acquisition in 2016.

Bukalapak is an Indonesian e-commerce company. It was founded in 2010 as an online marketplace to enable small and medium enterprises go online and has expanded to support smaller traditional family owned businesses.

Source: Wikipedia

Share article