{"id":54,"date":"2021-05-11T00:00:00","date_gmt":"2021-05-11T00:00:00","guid":{"rendered":"https:\/\/markupbackup.wordpress.com\/2021\/07\/21\/durians-daily-252-bukalapak-helps-merchants-improve-sales-by-50-more-in-social-impact-report\/"},"modified":"2021-08-03T08:56:37","modified_gmt":"2021-08-03T08:56:37","slug":"durians-daily-252-bukalapak-helps-merchants-improve-sales-by-50-more-in-social-impact-report","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=54","title":{"rendered":"Daily Markup #252: Bukalapak helps merchants improve sales by 50%, more in social impact report; Gilmour Space signs agreement to lock in communication services; Carousell Auto Group launched, aims to be #1 in classified cars"},"content":{"rendered":"<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1600\" data-height=\"932\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7dac22b4a0.jpg\"><figcaption class=\"wp-caption-text\">Credit: Nikkei\u00a0Asia<\/figcaption><\/figure>\n<p><strong>A world of good<\/strong><\/p>\n<ul>\n<li>500-backed e-commerce startup<a href=\"https:\/\/www.bukalapak.com\/\" target=\"_blank\" rel=\"noopener\"> Bukalapak<\/a> released its <a href=\"https:\/\/www.linkedin.com\/posts\/pt-bukalapak-com_bukalapak-social-impact-report-2020-activity-6782255516216389634-OJ-u\/\" target=\"_blank\" rel=\"noopener\">Social Impact report<\/a> for 2020, showcasing how its products and services have impacted Indonesians.<\/li>\n<li>According to the report, 4 million micro, small, and medium enterprises (MSMEs) joined the platform during the COVID-19 pandemic. At the same time, the startup launched several financial and digital services to support the growth of its business users, such as a \u2018pay later\u2019 feature and cashless payments.<\/li>\n<li>Bukalapak was also one of the Indonesian government\u2019s partners in a program called <a href=\"https:\/\/www.prakerja.go.id\/\" target=\"_blank\" rel=\"noopener\">Kartu Prakarja<\/a>, aimed at equipping Indonesians with skills and competencies to become MSME entrepreneurs. The startup enables access to over 200 courses on its platform and has served more than 1 million users nationwide so far.<\/li>\n<li>For its existing merchants, the startup organized close to 150 online courses attended by over 12,000 users. In a follow-up survey, more than 50% reported improved sales.<\/li>\n<li>Read Bukalapak\u2019s full social impact report <a href=\"https:\/\/www.linkedin.com\/posts\/pt-bukalapak-com_bukalapak-social-impact-report-2020-activity-6782255516216389634-OJ-u\/\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"850\" data-height=\"490\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7dac29dcf7.jpg\"><figcaption class=\"wp-caption-text\">Credit: Gilmour\u00a0Space<\/figcaption><\/figure>\n<p><strong>Sharing the space<\/strong><\/p>\n<ul>\n<li>500-backed Australian rocket startup <a href=\"https:\/\/www.gspacetech.com\/\" target=\"_blank\" rel=\"noopener\">Gilmour Space<\/a> has <a href=\"https:\/\/www.gspacetech.com\/post\/spacelink-and-gilmour-space-execute-memorandum-of-understanding\" target=\"_blank\" rel=\"noopener\">signed a Memorandum of Understanding<\/a> (MoU) with American satellite communications company SpaceLink.<\/li>\n<li>Under the agreement, both firms will ensure the compatibility of SpaceLink communications terminals with the Gilmour space platform, and to put Gilmour\u2019s satellites into SpaceLink\u2019s network.<\/li>\n<li>To achieve this, they have committed to sharing technical and business information to support Gilmour\u2019s implementation of SpaceLink\u2019s communications services and extend the communications capabilities to Gilmour\u2019s customers.<\/li>\n<li>According to the <a href=\"https:\/\/www.gspacetech.com\/post\/spacelink-and-gilmour-space-execute-memorandum-of-understanding\" target=\"_blank\" rel=\"noopener\">media release<\/a>, the goal of the agreement is to negotiate a definitive contract, and explore further contracts for launch services later this year.<\/li>\n<li>Read the full announcement on Gilmour Space <a href=\"https:\/\/www.gspacetech.com\/post\/spacelink-and-gilmour-space-execute-memorandum-of-understanding\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1500\" data-height=\"1000\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7dac3b9ef4.png\"><figcaption class=\"wp-caption-text\">Credit: Marketing Magazine<\/figcaption><\/figure>\n<p><strong>Gunning for the top spot<\/strong><\/p>\n<ul>\n<li>500-backed online marketplace <a href=\"http:\/\/carousell.com\/\" target=\"_blank\" rel=\"noopener\">Carousell<\/a> has <a href=\"https:\/\/marketingmagazine.com.my\/mudah-mys-gaurav-bhasin-drives-carousell-auto-group-as-chief-strategy-officer-for-carousell-group\/#_ftn1\" target=\"_blank\" rel=\"noopener\">formed Carousell Auto Group<\/a> to solidify its foray into the second-hand car trading market. The startup also announced it plans to invest aggressively to grow its classified cars business in the region.<\/li>\n<li>Carousell\u2019s auto business is currently present in Malaysia, Vietnam, the Philippines, Hong Kong, and Singapore. Its offering to users will be enhanced with the addition of platforms OneShift, a portal that connects sellers with buyers and dealers, and Revo Financial, which offers loans and other financial services.<\/li>\n<li>\u201cWe want to transform Carousell Auto Group into a one-stop shop for everything autos-related. Soon, our users across the region will be able to sell and buy their cars quickly in a seamless manner, and have access to the entire autos ecosystem of workshops, accessories and services,\u201d said Lucas Ngoo, co-founder of Carousell.<\/li>\n<li>Carousell said it\u2019s the most-visited auto classifieds platform in the region, with one of the biggest inventories of auto-related listings. Its cars business is now Carousell\u2019s largest vertical, contributing a third of the company\u2019s revenue.<\/li>\n<li>Read the full article on Marketing Magazine <a href=\"https:\/\/marketingmagazine.com.my\/mudah-mys-gaurav-bhasin-drives-carousell-auto-group-as-chief-strategy-officer-for-carousell-group\/#_ftn1\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<hr>\n<p><strong>Missed out the last Daily Markup? Go <\/strong><a href=\"https:\/\/dailymarkup.com\/\" target=\"_blank\" rel=\"noopener\"><strong>here<\/strong><\/a><strong> to check it out.<\/strong><\/p>\n<p><strong>You can also find us on <\/strong><a href=\"https:\/\/www.linkedin.com\/company\/500-durians\/\" target=\"_blank\" rel=\"noopener\"><strong>LinkedIn<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.facebook.com\/500durians\/\" target=\"_blank\" rel=\"noopener\"><strong>Facebook<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/twitter.com\/500Startups_SEA\" target=\"_blank\" rel=\"noopener\"><strong>Twitter<\/strong><\/a><strong>, and <\/strong><a href=\"https:\/\/www.instagram.com\/500durians\/?hl=en\" target=\"_blank\" rel=\"noopener\"><strong>Instagram<\/strong><\/a><strong>.<\/strong><\/p>\n<figure><img decoding=\"async\" data-width=\"400\" data-height=\"400\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7dac491445.jpg\"><\/figure>\n<p>500 Startups is a venture capital firm on a mission to discover and back the world\u2019s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.<\/p>\n<p><em>This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively \u201c500 Startups\u201d) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Startups and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies\u2019 markets, competitors, performance, and fundraising has been provided by those companies\u2019 founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to provide any investment advisory service with regard to securities by 500 Startups. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Startups fund may have a financial interest in one or more of the companies discussed.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Credit: Nikkei\u00a0Asia A world of good 500-backed e-commerce startup Bukalapak released its Social Impact report for 2020, showcasing how its products and services have impacted Indonesians. According to the report, 4 million micro, small, and medium enterprises (MSMEs) joined the platform during the COVID-19 pandemic. At the same time, the startup launched several financial and [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2012,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[354,45,328],"class_list":["post-54","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-bukalapak","tag-carousell","tag-gilmour-space"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #252: Bukalapak helps merchants improve sales by 50%, more in social impact report; Gilmour Space signs agreement to lock in communication services; Carousell Auto Group launched, aims to be #1 in classified cars - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=54\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #252: Bukalapak helps merchants improve sales by 50%, more in social impact report; Gilmour Space signs agreement to lock in communication services; Carousell Auto Group launched, aims to be #1 in classified cars - Markup\" \/>\n<meta property=\"og:description\" content=\"Credit: Nikkei\u00a0Asia A world of good 500-backed e-commerce startup Bukalapak released its Social Impact report for 2020, showcasing how its products and services have impacted Indonesians. 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