How 3 friends made a multibillion-dollar business of Indonesia's street stalls

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How 3 friends made a multibillion-dollar business of Indonesia's street stalls (via CNBCMakeIt)

is an Indonesian e-commerce marketplace designed to help the country's millions of mom-and-pop kiosks come online.

"Now I know technology, I've learned about the internet and everything, and I wonder how could I ... help people improve, do better," he said. "The capital he used to start this company is just the registration fee to register the website. It's like 80,000 rupiah or maybe about $5. That is the seed capital of Bukalapak," said Kaimuddin.Before long, Bukalapak was live, acting as a third-party intermediary to support purchases between consumers and merchants. But the company's real breakthrough came some years later.

 

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