Blibli
.svg) Logo used since 4 October 2023 | |
| Company type | Retail |
|---|---|
| IDX: BELI | |
| Industry | e-commerce  |
| Founded | 15 August 2011 |
| Founder | Kusumo Martanto Martin Hartono Lisa Widodo Hendry Lay Ridwan Gautama |
| Owner | PT Global Investama Andalan (PT Djarum) (83.68%) Public (16.32%) |
Number of employees | 2,081 employees (excluding subsidiaries and/or associated companies) As per Q4 2022 |
| Website | https://www.blibli.com |
PT Global Digital Niaga Tbk, doing business as Blibli, is an Indonesian e-commerce company.
History
[edit]Blibli was founded in 2011 as a subsidiary of Djarum.[1] The name Blibli is an abbreviation of beli-beli, Indonesian for "buy, buy".
Blibli's subsidiaries include tiket.com[2] and supermarket chain Ranch Market.[3]
Blibli became Indonesia's third unicorn startup[4] through its initial public offering on the Indonesia Stock Exchange in late 2022.[5] At 7.99 trillion rupiah (US$509.2 million), the listing was the second-largest of the year after GoTo in April.[6]
Services & Operations
[edit]Blibli operates as an e-commerce platform in Indonesia, providing a variety of product categories such as electronics, household goods, fashion, and fresh produce.[7] The company employs an omnichannel approach, including features like "Blibli InStore" and "Click & Collect," which enable customers to purchase items online and collect them at designated physical locations.[8]
Acquisitions & Expansions
[edit]In June 2017, Blibli acquired Tiket.com, an online platform for travel and accommodation bookings.[9] In September 2021, Blibli acquired a 70.56 percent stake in PT Supra Boga Lestari Tbk, which manages supermarket brands including Ranch Market and Farmers Market, for approximately Rp2.03 trillion.[10] The company expanded further in 2023 by acquiring Dekoruma, an e-commerce platform specializing in furniture and home décor.[11]
GDP Ventures Investment
[edit]GDP Ventures, founded by Martin Hartono, holds a majority stake in Blibli. Since its establishment, Blibli has received significant investment from GDP Ventures to support its growth and expansion.[12]
References
[edit]- ^ Rosendar, Yessar. "Indonesia's Blibli To Raise $528 Million Through IPO At $3.5 Billion Valuation". Forbes.
- ^ "Indonesia's Tiket Weighs Blibli Merger Before $1 Billion IPO". 8 April 2022 – via www.bloomberg.com.
- ^ "Indonesian e-commerce firm Blibli buys home decor startup Dekoruma for $70.6m". DealStreetAsia.
- ^ "Tough road ahead as Indonesian e-commerce firm Blibli gears up for mega IPO". The Business Times. 2 November 2022.
- ^ "Tech in Asia – Connecting Asia's startup ecosystem". www.techinasia.com.
- ^ Chiang, Sheila (8 November 2022). "E-commerce firm Blibli up nearly 5% in Indonesia stock debut". CNBC.
- ^ "Blibli plans IPO as Indonesia's e-commerce market matures". Nikkei Asia.
- ^ "Blibli Launches Click & Collect Service". Jakarta Globe.
- ^ "Blibli acquires Tiket.com". The Jakarta Post.
- ^ "Blibli Buys Majority Stake in Supermarket Operator Supra Boga". Bloomberg.
- ^ "Indonesian e-commerce firm Blibli acquires Dekoruma". DealStreetAsia.
- ^ "Mengenal GDP Venture, Modal Ventura Grup Djarum di Balik Blibli". Katadata.