{"id":67,"date":"2021-04-22T00:00:00","date_gmt":"2021-04-22T00:00:00","guid":{"rendered":"https:\/\/markupbackup.wordpress.com\/2021\/07\/21\/durians-daily-239-13-5m-bukalapak-merchants-to-see-new-benefits-espl-warner-music-asia-join\/"},"modified":"2021-08-03T08:56:38","modified_gmt":"2021-08-03T08:56:38","slug":"durians-daily-239-13-5m-bukalapak-merchants-to-see-new-benefits-espl-warner-music-asia-join","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=67","title":{"rendered":"Daily Markup #239: 13.5m Bukalapak merchants to see new benefits; ESPL &#038; Warner Music Asia join forces; Carousell records all-time low fraud rate"},"content":{"rendered":"<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"680\" data-height=\"382\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7daec7b542.jpg\"><figcaption class=\"wp-caption-text\">Credit: Tribun\u00a0Bisnis<\/figcaption><\/figure>\n<p><strong>Banking on the business<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/kr-asia.com\/indonesias-state-investors-in-bukalapak-show-increased-confidence-in-local-startups\" target=\"_blank\" rel=\"noopener\">Strategic investments<\/a> by the VC arms of two major banks in Indonesia, Bank Rakyat Indonesia (BRI) and Bank Mandiri, have been made in 500-backed <a href=\"https:\/\/www.bukalapak.com\/\" target=\"_blank\" rel=\"noopener\">Bukalapak<\/a>. These investments are part of an earlier announced <a href=\"https:\/\/www.reuters.com\/technology\/indonesian-e-commerce-firm-bukalapak-raises-234-mln-document-2021-04-14\/\" target=\"_blank\" rel=\"noopener\">US$234 million funding round<\/a> led by Microsoft.<\/li>\n<li>Both firms are looking to support the 13.5 million micro, small and medium enterprises (MSMEs) currently operating within the startup\u2019s ecosystem.<\/li>\n<li>Under this deal, Bank BRI will be able to offer its digital banking and lending products to merchants and customers on Bukalapak.<\/li>\n<li>Read the full article on KrAsia <a href=\"https:\/\/kr-asia.com\/indonesias-state-investors-in-bukalapak-show-increased-confidence-in-local-startups\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1000\" data-height=\"600\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7daed0d5f1.jpg\"><figcaption class=\"wp-caption-text\">Credit: TechiAzi<\/figcaption><\/figure>\n<p><strong>Sporting a new deal<\/strong><\/p>\n<ul>\n<li>500-backed online tournament platform <a href=\"https:\/\/espl.gg\/\" target=\"_blank\" rel=\"noopener\">Esports Player League (ESPL)<\/a> has announced a <a href=\"https:\/\/esportsinsider.com\/2021\/04\/esports-player-league-enters-partnership-with-warner-music-asia\/\" target=\"_blank\" rel=\"noopener\">partnership with record label Warner Music Asia<\/a>. According to Esports Insider, this is Warner Music Asia\u2019s entrance into the esports industry.<\/li>\n<li>This deal makes Warner Music Asia the platform\u2019s exclusive music partner. ESPL will also be able to embed music owned by the record label into its platform.<\/li>\n<li>Michael Broda, CEO and co-founder of ESPL, commented, \u201cEsports is the fastest growing industry in the digital age of entertainment. Warner Music has been active in the ever-changing landscape of today\u2019s world and so this strategic partnership will bring a value proposition to both players and brands across our global network that we are confident will elevate amateur esports to another level.\u201d<\/li>\n<li>Read the full article on Esports Insider <a href=\"https:\/\/esportsinsider.com\/2021\/04\/esports-player-league-enters-partnership-with-warner-music-asia\/\" 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_60f7daee17cab.png\"><figcaption class=\"wp-caption-text\">Credit: Carousell<\/figcaption><\/figure>\n<p><strong>Fighting fraudsters<\/strong><\/p>\n<ul>\n<li>500-backed e-commerce marketplace <a href=\"http:\/\/carousell.com\/\" target=\"_blank\" rel=\"noopener\">Carousell Group<\/a> announced it is <a href=\"https:\/\/press.carousell.com\/2021\/03\/18\/carousell-groups-india-development-center-celebrates-2nd-anniversary-with-all-time-low-of-0-026-fraud-rate\/\" target=\"_blank\" rel=\"noopener\">celebrating an all-time low<\/a> of 0.026% fraud rate in Q4 2020.<\/li>\n<li>According to the startup, it will continue doubling down on its efforts to support the company\u2019s growth in Southeast Asia.<\/li>\n<li>In the coming year, its engineering team will focus on the development of tools to combat fraud and support content moderation, innovating adtech solutions for a recently formed <a href=\"https:\/\/marketingmagazine.com.my\/carousell-launches-a-full-service-media-group-led-by-jj-eastwood\/\" target=\"_blank\" rel=\"noopener\">Carousell Media Group<\/a>, and developing new customer acquisition and search engine optimization (SEO) solutions.<\/li>\n<li>Read the full announcement on Carousell <a href=\"https:\/\/press.carousell.com\/2021\/03\/18\/carousell-groups-india-development-center-celebrates-2nd-anniversary-with-all-time-low-of-0-026-fraud-rate\/\" 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_60f7daeea36dd.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: Tribun\u00a0Bisnis Banking on the business Strategic investments by the VC arms of two major banks in Indonesia, Bank Rakyat Indonesia (BRI) and Bank Mandiri, have been made in 500-backed Bukalapak. These investments are part of an earlier announced US$234 million funding round led by Microsoft. Both firms are looking to support the 13.5 million [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2025,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[354,45,344],"class_list":["post-67","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-bukalapak","tag-carousell","tag-espl"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #239: 13.5m Bukalapak merchants to see new benefits; ESPL &amp; Warner Music Asia join forces; Carousell records all-time low fraud rate - 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=67\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #239: 13.5m Bukalapak merchants to see new benefits; ESPL &amp; Warner Music Asia join forces; Carousell records all-time low fraud rate - Markup\" \/>\n<meta property=\"og:description\" content=\"Credit: Tribun\u00a0Bisnis Banking on the business Strategic investments by the VC arms of two major banks in Indonesia, Bank Rakyat Indonesia (BRI) and Bank Mandiri, have been made in 500-backed Bukalapak. 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