Bukalapak posts 23% revenue growth in 2023, nearly hits EBITDA breakeven in Q4
Photo credit: Bukalapak
Despite a significant improvement in revenue, Indonesian ecommerce firm Bukalapak missed its target to turn profitable in 2023 due to investment losses stemming from Allo Bank.
The company logged adjusted EBITDA for Q4 2023 at negative US$2.9 million, improving by 80% year on year.
……Read full article on Tech in Asia
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