Blibli Confirms to Reach Unicorn Status
Blibli's CEO, Kusumo Martanto mentioned the news during exclusive interview with DailySocial
Blibli adds to the list of Indonesian unicorn startups. The news was confirmed by the CEO, Kusumo Martanto in a Mastermind exclusive interview with DailySocial.id.
Martanto said, "Although we have not openly announced any kind of status, our business size has exceeded billions of dollars. Can I say that we have reached unicorn status? Yes. However, as a digital company, we want to create a sustainable company with positive value and impact on society.
Previously, Tiket.com has conveyed the unicorn status, an OTA startup acquired by Blibli in 2017. Tiket.com is reportedly exploring the potential to go public through SPAC COVA Acquisition Corp vehicle. (COVA) with an estimated combined company value of $2 billion.
The following is a complete list of Indonesian unicorn startups – several companies have specifically confirmed its status to DailySocial.id and yet to announced it to the public
|JD.id (dikonfirmasi perusahaan)||undisclosed|
|Blibli (dikonfirmasi perusahaan)||undisclosed|
|Tiket.com (dikonfirmasi perusahaan)||~$1 miliar|
Blibli's business map
Under GDP Venture, an investment company owned by Djarum group, Blibli has taken a number of strategic actions towards several startups in Indonesia. In addition to acquiring Tiket.com, they also became investment arm and acquisition vehicle to other startups. This initiative led the Blibli's CEO to a member of the board/commissioner in a number of startups.
In its core business, during the last two years, the company has launched various initiatives. First, strengthening the company's O2O concept, including through BlibliMart services -- which in early 2020 was said to be the second strongest category in Blibli after electronics in terms of order and GMV. They also initiated an offline store, but its expansion was delayed due to the pandemic.
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