the funding in this latest series will be used to build Fazz, a business account that allows businesses of all sizes to make payments, storages, and obtain credit easily in Southeast Asia
"We are committed to assisting Noice in doubling the number of subscriptions through our insight-based customer engagement platform, said Associate Director for Enterprise Sales of MoEngage Divya Jagwani.
Recently through the pandemic, the strength and sustainability of startups here were tested by the leaking of the startup bubble in the world.
TheIndonesia.id - Chief Executive Officer PT Bukalapak.com Tbk Muhammad Rachmat Kaimuddin submitted the resignation from his position.
Bukalapak Corporate Secretary Perdana A Saputro in a letter to the Indonesia Stock Exchange (IDX) quoted in Jakarta, Wednesday, said that Bukalapak had received the resignation letter of Rachmat Kaimuddin as President Director on December 28, 2021.
"The resignation request will be made by taking into account the provisions of the company's articles of association and applicable laws and regulations," he said in the letter to the IDX and the Financial Services Authority (OJK) quoted by Antara.
The issuer codenamed BUKA did not explain the reasons for Rachmat's resignation as the company leader. "There is nothing that can materially affect the company's business activities and business continuity, the submission of this information disclosure is a fulfillment of obligations based on Financial Services Authority Regulation No. 31 and Article 8 paragraph (2) of Financial Services Authority Regulation No. 33/POJK.04/2014," said Perdana.
Previously, Bukalapak at the extraordinary general meeting of shareholders (EGM), Thursday, December 23, 2021, received approval from the shareholders for the change in the use of funds from the IPO. Rachmat, at that time, revealed that the management continues to review and examine the potentials and opportunities available related to the growth and development plans of the company and its subsidiaries in the future.
Meanwhile, after the IPO on August 6, 2021, on the IDX, Bukalapak managed to raise funds of up to IDR 21.9 trillion. According to the company, according to the press release on the results of the EGMS on December 23, 2021, the planned use of the IPO funds will be as follows:
Meanwhile, Bukalapak will use the remaining funds for growth and/or business development of the company and its subsidiaries. However, it is not limited to shares and/ or assets and/ or investment in shares purchase in one or more companies including in the context of joint venture agreements and other appropriate transaction methods, as well as repayment of loan facilities used for growth and/ or business development purpose.
