Bukalapak co-founders invest US$5M into Indonesian cloud service provider IDCloudHost
IDCloudHost, an Indonesia-based cloud service provider, has secured US$5 million in funding from Bukalapak’s co-founder and CEO Achmad Zaky’s investment firm Init 6, TechinAsia has reported.
The startup intends to utilise the fresh funds to improve its technology offerings and expand its team.
Launched in 2015 by Alfian Pamungkas Sakawiguna and Muhammad Mufid Luthfi, IDCloudHost provides cloud-based services, including domain handling and server creation for customers ranging from startups and small businesses to individual developers.
The company claims it has served over 100,000 customers and counts companies including national telco Telkom Indonesia and Mandiri Capital (the corporate venture arm of Bank Mandiri) among its clients.
Also Read: How cloud computing is helping startups navigate the new normal
Luthfi, IDCloudHost’s chief marketing officer, noted the pandemic has accelerated digital transformation across several sectors. “The ever-growing digital ecosystem is an opportunity as well as a challenge for us to produce innovative products tailored to the needs of the growing market.”
In 2019, the startup acquired Dewabiz, a provider of SSD (solid-state drives) hosting, virtual private servers, and domains. The move was aimed at widening IDCloudHost’s business coverage as well as help small and medium-sized enterprises (SMEs) digitize their business.
Init 6 is an independent investment vehicle set up by Zaky and his co-founder Nugroho Herucahyono (Xinuc). In October 2020, the duo announced their first undisclosed investment in edutech startup Eduka System.
Zaky and Xinuc met during their college days at the Bandung Institute of Technology (ITB), where they founded Bukalapak in their college dorm in 2009.
According to the Business Times, Bukalapak is weighing a listing in the US public markets via a special purpose acquisition company (SPAC). The local e-commerce giant is set to be valued at up to US$5 billion.
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