Bukalapak: The multibillion-dollar business behind Indonesia’s iconic street stalls | CNBC Make It

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  • Опубліковано 25 лис 2024

КОМЕНТАРІ • 258

  • @IReapZz95
    @IReapZz95 3 роки тому +145

    Bukalapak should come to Latin America. In Honduras these kiosks are super popular and they are called "pulperias"

  • @dertythegrower
    @dertythegrower 3 роки тому +153

    smart man, keeps it local and that wins with legit efficiency

  • @usepsomantri7673
    @usepsomantri7673 3 роки тому +84

    Bukalapak, im so proud of you supporting "warung" or local grocery to compete with modern minimarket

  • @sitiasiyah2849
    @sitiasiyah2849 3 роки тому +60

    Thank you, Bukalapak, since joining Bukalapak I feel it has been helped, even the turnover of the stalls is increasing day by day. I hope that in the future we will continue to develop together and be able to help umkm and stalls in Indonesia to be more advanced in this digital era. Always success

  • @kwazimnyandu9074
    @kwazimnyandu9074 3 роки тому +103

    Great content. South Africa is pushing the same direction, i'm part of the movement.

    • @remington2216
      @remington2216 3 роки тому +13

      Go, south african brothers! Support from your brothers indonesia, we will work hard together!

    • @kwazimnyandu9074
      @kwazimnyandu9074 3 роки тому

      @@remington2216 Hi. Thanks man. Are you in Indonesia? Drop your email, lets connect.

    • @laminjassey4572
      @laminjassey4572 3 роки тому

      @@kwazimnyandu9074 I'm in Indonesia currently and from Africa we need to connect make expansion to my country and your noble country. What do you think?

    • @Ntshebe-YaseGoli
      @Ntshebe-YaseGoli 3 роки тому

      Am based in Jozi mfethu and been seeing SME group trends on telegram. Are you also part of the crew?

    • @manqobasibeko7251
      @manqobasibeko7251 3 роки тому

      @@kwazimnyandu9074i also interested know more about your movement initiative how can we hook up

  • @exas4791
    @exas4791 3 роки тому +13

    I like that e-commerce was introduced to people living in rural areas.

  • @bobamochi2679
    @bobamochi2679 Рік тому +2

    I love that most of Indonesia's successful tech startups started with the idea of wanting to help the people. Hope the best for them all

  • @lifeofapotato4595
    @lifeofapotato4595 3 роки тому +22

    Bukalapak on CNBC? mantap jiwa

  • @prhasn
    @prhasn 3 роки тому +41

    Interesting business. I love the values of Bukalapak too. I hope all the best for them.

  • @KatakanyaEstuBilaya
    @KatakanyaEstuBilaya 3 роки тому +13

    Thanks for keep supporting SME!

  • @rossevanricamara4169
    @rossevanricamara4169 3 роки тому +19

    We have that exact same setup in the Philippines. I learn how similar the Indonesians are to us everyday...

    • @gabrielferrer3205
      @gabrielferrer3205 3 роки тому +1

      maybe Filipinos should also create a startup. there are many BPOs there that Filipinos are exposed to latest software.

    • @hafizhradhitya4861
      @hafizhradhitya4861 2 роки тому

      because we are serumpun just like Malaysia haha. The only differences in religion, though there are 33 million christians too in Indonesia, mostly on eastern side

  • @dunkmetal3264
    @dunkmetal3264 3 роки тому +13

    Respect to my indonesian bro's love from India 🤜

  • @fromhigherground4272
    @fromhigherground4272 3 роки тому +13

    Well done Indonesia!

  • @SteveSuriadjaja
    @SteveSuriadjaja 3 роки тому +25

    Very proud of you guys. Keep it up guys.

  • @drew55555
    @drew55555 3 роки тому +6

    Brilliant business model! Good job! One ASEAN! Love from the Philippines

  • @randytaslim9512
    @randytaslim9512 3 роки тому +3

    Bukalapak is underrated because their brand ambassador is not from kpop groups

  • @Daniel-xz5ls
    @Daniel-xz5ls 3 роки тому +11

    Shout out from Indonesia!

  • @theparamountparamount913
    @theparamountparamount913 3 роки тому +24

    Indonesia's Bukalapak is very similar to The Philippines' Sari-Sari Store"
    However,here in the Philippines, there's some places where most of the houses had it's own "store" that sells basic commodities. Most of them end up being on a bankrupt state few weeks or months later . Why would you setup a Sari-Sari Store when the next 2 doors behind or after you has already had it?so it ends up being unprofitable and the money that they spent as a "capital " for these small startup was wasted.Some were even relying to Indian Lenders with a high interest rate just to have additional money or capital to buy the things that they need to sell on that store.

    • @sekar9901
      @sekar9901 3 роки тому +7

      The stores mostly have already operated.
      Bukalapak more like goods distributors, so that people can order it online to restock the products. It's easier and faster than their previous conventional distributor.

    • @kiranp5611
      @kiranp5611 3 роки тому +3

      And Philippines is doesn't have the population or strength of Indonesia so it's tough !

    • @PissMenn
      @PissMenn 3 роки тому +12

      @@kiranp5611 Philippines population is not small almost half of Indonesia. The reason why it's thriving here because the environment both private and government are embracing digital and technology combines with strong entrepreneural as well as the consumers penetration. Then you get this, recently last year Indonesia's e- commerce sales even can surpassing India, a country with 1.4 billion people.

    • @mariaannainditahernawati7132
      @mariaannainditahernawati7132 3 роки тому +1

      @@kiranp5611 the philippines have > 100 million people
      south korea have > 50 million people
      south korea could reach more than the philippines

    • @bondys-video-kucing
      @bondys-video-kucing 3 роки тому +1

      Actually the lapak or warung is like sari sari store in the phillipines..and bukalapak vision is to bring them all online in 1 place

  • @justchillin4282
    @justchillin4282 3 роки тому +23

    Amazing, it is like sari sari store or tindahan in the Philippines

    • @antongavutti4376
      @antongavutti4376 3 роки тому +4

      Bale parang sya o sila na mag supply sa mga sari sari store lahat na binibinta.
      Hindi na nila ( yong mga owner ng small sari sari stores) pupunta sa Puregold, Ever o yong luma grocery nasa Palengke para bumili at ibinta sa kanilanh Sari Sari Store.

    • @J__C_
      @J__C_ 3 роки тому

      Sari?

  • @namaste168
    @namaste168 3 роки тому +2

    I love bukalapak, the best costumer services of Indonesian marketplaces.

  • @Ndut390620
    @Ndut390620 3 роки тому +68

    When you realised this is the International CNBC UA-cam channel and not the Indonesian one: 👁👄👁

  • @anakpembantudiamerika4410
    @anakpembantudiamerika4410 3 роки тому +50

    Keren.... bikin bangga dengarnya... congrats guys

    • @Alghi451
      @Alghi451 3 роки тому

      Use English dong

    • @anakpembantudiamerika4410
      @anakpembantudiamerika4410 3 роки тому

      @@Alghi451 I am kendondong englise Sir, kalau ada yg tahu mereka IPO di bursa Amerika tolong bocoron ticker symbolnya karena PASTI saya beli sharenya :) --- can't wait

    • @arv7539
      @arv7539 3 роки тому

      @@Alghi451 ya gpp kalo pake BI juga

    • @dorian4646
      @dorian4646 3 роки тому

      @@Alghi451 lah ngatur

  • @TaipanJobLim
    @TaipanJobLim 3 роки тому +2

    Bukalapak can also open the same ecommerce mobile servicing small store owners in the Philippines, the 2 main ecommerce serving the similiar market is just a niche player and catering to small retail owners. Theres so much room for Bukalapak to penetrate the southern philippines and northern philippines market with their huge investor funding

    • @gabrielferrer3205
      @gabrielferrer3205 3 роки тому +1

      Filipino millenials need to step up rather relying on foreign companies such as Lazada

  • @noeswantra2295
    @noeswantra2295 3 роки тому +10

    Lol so much laugh seeing some of my fellow Indonesians here ranting out so mad "Bukalapak CEO should keep his mouth shut" or "no promotion like Tokped/Shopee"
    See - this is your Jakarta brain bias over here. You watch carefully again, Bukalapak has a vastly different business model from Tokped or Shopee. They wanna play supply-side, not demand-side, and Jakarta big city life aint what they targetting.
    Not saying BL doesn't have weaknesses - it is objectively still worse UI/UX than Tokped/Shopee. But hey, good that they found a strategy that actually is an empty market.
    Just like you tried to keep Achmad Zaky's politics out of the game, maybe use your brain before letting ur bias comment and saying this is an advertorial too :)
    Or are you a.... BuzzeRp? Haha

  • @apel5234
    @apel5234 3 роки тому +3

    I think this is one of the way to more introduce culture item from indonesia to global market

  • @andiiinnn
    @andiiinnn 3 роки тому +2

    Proud to be an indonesian, keep it up to serve the underserved communities :)

  • @ameyab930
    @ameyab930 3 роки тому +18

    In India, we got a similar start-up called Dunzo. There is another start-up which manages inventory and warehousing for small stalls called Udaan

    • @showstoppershubs
      @showstoppershubs 3 роки тому +2

      In India we have phone pay ,Paytm ,Google pay, upi ,bhim... this business won't ever work in India as Amazon and flipkart already do this and we can't out survive them

    • @Martin-xw7kk
      @Martin-xw7kk 3 роки тому +3

      @@showstoppershubs well you have to shut that Amazon down lol

    • @sekar9901
      @sekar9901 3 роки тому +10

      Dunzo, udaan and mitra bukalapak have completely different business model.
      Dunzo more like gojek in indonesia.
      Udaan is just like alibaba.
      Bukalapak more like goods distributors, so that people can order it online to restock the products in their stall. It's easier and faster than their previous conventional distributor.

    • @kiranp5611
      @kiranp5611 3 роки тому +1

      Wait isn't Dunzo delivery service ???

    • @sorryminati4719
      @sorryminati4719 3 роки тому

      @@kiranp5611 more like it

  • @drewacabu8376
    @drewacabu8376 3 роки тому +5

    Buka is also used here in the philippines.. (visayan dialect which means "to open")

  • @kaijiefoo2389
    @kaijiefoo2389 3 роки тому +7

    Pretty sure this is a promotion for a potential SPAC listing.

  • @shravansays
    @shravansays 3 роки тому +9

    Kudos! Indonesia :)

  • @j.shimeji1975
    @j.shimeji1975 3 роки тому +1

    Good to know they still exist try to look other area indonesia is not only jakarta.

  • @iki8150
    @iki8150 3 роки тому

    I can feel his genuine purpose serving Indonesian.

  • @heytayo.g9730
    @heytayo.g9730 3 роки тому +2

    Stan bukalapak yall

  • @DavidGr33nx
    @DavidGr33nx 3 роки тому +3

    This was pretty much my idea when i made my website but i didnt know how to scale like this.

  • @user-ic7mv6bj4w
    @user-ic7mv6bj4w 3 роки тому +4

    Did the Founding 'Three' leave on their own or were they forced out? Something doesn't seem right.

  • @claudiowicaksono3602
    @claudiowicaksono3602 3 роки тому

    So proud, I keep using bukalapak until now.

  • @strivehard7244
    @strivehard7244 3 роки тому +9

    Buka also means open in the philippines.

    • @mariaannainditahernawati7132
      @mariaannainditahernawati7132 3 роки тому

      interesting
      buka means open
      lapak means stall or kiosk
      so, bukapalak means open your own stall or kiosk

  • @phamthimary6183
    @phamthimary6183 3 роки тому +1

    Everyday we see improvement in trading , glad to say I’m retired and still make $12,700 every 6 days

  • @ngipiksari
    @ngipiksari 3 роки тому +2

    I'm pretty sure that she is the voice of my Google Assistant

  • @rk_rk_rk_rk_rk
    @rk_rk_rk_rk_rk 3 роки тому

    Super proud 🙏🏽

  • @elvinadham9857
    @elvinadham9857 3 роки тому +1

    This inspired me a lot !

  • @gcsam88
    @gcsam88 3 роки тому

    Current CEO and one of the co-founders are BCG alumni

  • @fendz00
    @fendz00 3 роки тому +2

    keep burning money dudedd

  • @adityajudoprawiro3266
    @adityajudoprawiro3266 3 роки тому +1

    well done! keep up the good work!!

  • @alparslankorkmaz2964
    @alparslankorkmaz2964 3 роки тому +6

    Nice video.

  • @hendranurperdana5844
    @hendranurperdana5844 3 роки тому

    Bukalapak is the best

  • @Avisheknandi12
    @Avisheknandi12 3 роки тому +2

    Please come in india.

  • @isab9101
    @isab9101 3 роки тому +6

    13.5 million micro, small and medium enterprises... Wow

  • @Amitdas-gk2it
    @Amitdas-gk2it 3 роки тому +1

    TY

  • @surajitmondal823
    @surajitmondal823 3 роки тому

    This is giving an idea. 🤩

  • @Abi3lol
    @Abi3lol 3 роки тому +2

    "Dukaan" is doing the same in India

  • @evacaldwell7529
    @evacaldwell7529 3 роки тому +6

    How can I get in touch with him ?

  • @robertkertoikromo8643
    @robertkertoikromo8643 3 роки тому +1

    they should make a simple payment solution like in kenya through mobile banking sms type ..

    • @sekar9901
      @sekar9901 3 роки тому +3

      Bukalapak use e-wallet,, people barely use sms, at least me.

    • @fadhilabryanto9037
      @fadhilabryanto9037 3 роки тому +1

      actually bukalapak already accept various range of payments including mobile banking and e wallet. More advance than you ever think.

    • @kanojune5754
      @kanojune5754 3 роки тому +1

      Most of us has e-wallet tho..

    • @imronfauzi2416
      @imronfauzi2416 3 роки тому

      Everyone is on android smartphone nowadays

    • @eit225
      @eit225 3 роки тому

      They use every way of payment. You name it, e wallet, transfer, e-banking, etc etc.

  • @bondys-video-kucing
    @bondys-video-kucing 3 роки тому

    The business model is like "brick to click to brick" from lapaks to bukapalak to mitra bukalapak

  • @riadihusaini
    @riadihusaini 3 роки тому +1

    Nice PR

  • @allorinal
    @allorinal 3 роки тому

    So after " lost " with Greeny and Orange, Bukalapak change they business model from ecommerce to Kelontong partnership ?

  • @emperordunga7418
    @emperordunga7418 3 роки тому +2

    How can i becomes a
    Members pls?

  • @irishmoney9550
    @irishmoney9550 3 роки тому +2

    It's warung not wooorengs

  • @linezie
    @linezie 2 роки тому

    God bless her accent! haha

  • @mentalhealthmatters2069
    @mentalhealthmatters2069 Рік тому

    i am so moved by the way rachmat said "we cant say covid, ok lets take a break for a year. no, the people need us"

  • @KusumaWijaya
    @KusumaWijaya 3 роки тому

    topic that rare to bring above water, so this content innteresting me.

  • @Meowtomee
    @Meowtomee 3 роки тому +4

    Sari-sari store

    • @justchillin4282
      @justchillin4282 3 роки тому

      yeah, it is like sari sari store but I think sari sari store is a little bit smaller

  • @denyhams
    @denyhams 3 роки тому

    i chose Tokopedia

  • @tengahmain1055
    @tengahmain1055 3 роки тому

    Really cool

  • @sayabaru3949
    @sayabaru3949 2 роки тому +1

    Interested in joining bukalapak

  • @jma7399
    @jma7399 3 роки тому +4

    this woman's bahasa pronunciation is criminal

  • @ThebestofSIZOKTHOLA
    @ThebestofSIZOKTHOLA Рік тому

    How to become rich at home or at work, ask me how?

  • @zoekenny3619
    @zoekenny3619 3 роки тому +4

    Woops bit of a Freudian slip there .. 'you can make more money .. I mean serve .. communities that have little money'. 😆

  • @mencred4334
    @mencred4334 3 роки тому

    As a local, actually tokopedia and shopee are more popular than bukalapak.

  • @J__C_
    @J__C_ 3 роки тому +1

    You should make a vid on a startup called “Udaan” in india

    • @Ballu12345
      @Ballu12345 3 роки тому +1

      That's Still unprofitable business
      They just scaling up with investment

    • @J__C_
      @J__C_ 3 роки тому +1

      @@Ballu12345 understandable,their delivery services, customer redressal and online portal are quite terrible.

  • @youwillsucceed6394
    @youwillsucceed6394 3 роки тому

    Anyone do Stock?
    Anyone heard of 88E? ???

  • @Querenciatv
    @Querenciatv 3 роки тому

    Thanks for Sharing
    ❤️&✌️

  • @gekakuma4541
    @gekakuma4541 3 роки тому +1

    ngudiang peken di bali jadi background di, wenten wenten gen CNBC ne

  • @JKerpz
    @JKerpz 3 роки тому

    i love the intersting value these videos have but the fake laptop shit drives me nuts. we all know its not live video contactt.

  • @megamen802
    @megamen802 3 роки тому +1

    masih sepi, biasanya rame

  • @maalat
    @maalat 2 роки тому

    Sari sari stores in the Philippines

    • @ThebestofSIZOKTHOLA
      @ThebestofSIZOKTHOLA Рік тому

      Do you want to become a millionaire while at work or at work ? If yes ask be how and I will guide you.

  • @rsavitri
    @rsavitri 4 місяці тому

    Fast forward to 2024, stock value goes down at 90% rate from their first IPO. Such a dissapointment.

  • @bambang303378
    @bambang303378 2 роки тому

    After 6 months. The stock price tanked 70%.

  • @lifeofapotato4595
    @lifeofapotato4595 3 роки тому +3

    You guys should do on Tokopedia next and how tf they can sign both BTS and Blackpink as their official ambassadors at the same time. An indonesian e-commerce , selling for indonesian market and with k-pop ambassadors. Wild af

  • @dheeraj2663
    @dheeraj2663 3 роки тому +1

    On screen, she is wearing yellow top😁

    • @anindanurul1148
      @anindanurul1148 3 роки тому

      That was her skin. Her shirt was covered by her hair

  • @ariefsatria8589
    @ariefsatria8589 3 роки тому +1

    nice

  • @billaak417
    @billaak417 3 роки тому +2

    Kretek Suryaaaaa

  • @woody3185
    @woody3185 3 роки тому +1

    I thought they were done. Well ok

  • @hendysaputra664
    @hendysaputra664 3 роки тому

    Nice

  • @codylim1
    @codylim1 5 місяців тому

    4:46

  • @nasreenjahan8424
    @nasreenjahan8424 7 місяців тому

    Bobby's dad?

  • @sdprz7893
    @sdprz7893 3 роки тому

    Alexa Grace. If you know you know

  • @agusti_zainal0445
    @agusti_zainal0445 3 роки тому +1

    Indonesia biggest population 265.000.000m biggest market...you can invest to Indonesia😂🇮🇩🇮🇩💪👍🌏🌍🌎 mantap

  • @GodLin3
    @GodLin3 3 роки тому

    E commerce business model in Indonesia very not healthy. They all burn money for business growth. Buka Lapak used to be BIG TWO with Tokopedia. Now, its different. Its Tokopedia vs Shopee ( singaporean e commerce)

  • @grahamstephan6344
    @grahamstephan6344 3 роки тому +1

    I lost my job due to covid and a friend of mine recommended sir Luiz and ever since trading with his platform I have been benefiting a lot.

  • @yogiwijaya3798
    @yogiwijaya3798 3 роки тому +1

    👍

  • @Faiq_Ali
    @Faiq_Ali 3 роки тому

    They are already doing better, and they should not make new partners like foreign banks and companies like Alibaba they are crocodiles will eat you by acquiring or merger

  • @angelasandridge2985
    @angelasandridge2985 3 роки тому

    Hi

  • @cashi4225
    @cashi4225 3 роки тому

    Majority shareholder of Bukalapak is Indonesia citizen. But others market place has tiongkok sharehokder majority. That's why there was an issue to attack Bukalapak.

  • @kalaupun
    @kalaupun 3 роки тому

    the first clip shows exactly how to pronounce but it ok Karen, say it your own way i guess

  • @AjiRahman
    @AjiRahman 3 роки тому +2

    i used to buy and sell in bukalapak, but now i don't feel comfortable anymore, there's lot of scammer, fake seller and bots everywhere, but correct me if I'm wrong or if you have another experience than me.

    • @muhammadsecret8783
      @muhammadsecret8783 3 роки тому +2

      How about experience with other apps ? Definately I dont want to use Shoope who encourage to import products from China and sell it in Indonesia.

    • @idesukses8773
      @idesukses8773 3 роки тому

      Aaaa
      Apple to Apple, right?

  • @ariempe
    @ariempe 3 роки тому +11

    Anjrit. Gue merinding nontonya.

  • @aransingkum1877
    @aransingkum1877 3 роки тому

    สวัสดีครับ

  • @mintico
    @mintico 3 роки тому

    I think deep inside, bukalapak is a big mess. From outside appearance they look ok.

  • @monkeylight8546
    @monkeylight8546 3 роки тому +1

    Spellings butchered 😂