Bukalapak, one of the popular e-commerce sites in Indonesia, has now announced that it has obtained a majority stake in iPrice.
iPrice is one of the platforms based in Malaysia, focusing on comparing the prices of goods through it.
The value of this takeover and investment was not disclosed by either party.
Bukalapak sees the acquisition of a majority stake in iPrice as one of the strategic steps in expanding their e-commerce market. At the same time, this move is also expected to allow iPrice to reach more users, in addition to offering more savings to users.
iPrice was started around 8 years ago, and it has helped more than 100 users compare and save when making purchases.
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BUSINESS & MONEY