LPPF - PT. Matahari Department Store Tbk

Rp 1.905

+160 (+9,17%)

JAKARTA. Perpule, a startup engaged in retail technology, launched the E-Commerce + platform for the Southeast Asian region. This platform has served several large-scale retailers such as Starbucks to PT Matahari Department Store Tbk (LPPF).

Abhinav Pathak, CEO and Co-Founder of Perpule, said that he was optimistic that the E-Commerce + platform would get a positive response in the Southeast Asian market. According to Perpule's data, the value of the Southeast Asian market has reached more than US$ 700 billion, with a projected growth of 25% this year.

"We are very pleased to be able to officially announce our presence in Indonesia, Malaysia, Vietnam, Thailand, Singapore, and the Philippines," Pathak said today to idnfinancials.com.

So far, Perpule has served a number of big brands ranging from Big Bazaar, Shoppers, Stop, Starbucks, HyperCity, Vishal MegaMart, and Matahari, LPPF's fashion retail network.

Niraj Jain, Chief Financial Officer of LPPF, confirmed that his party was pioneering a new project with Perpule to answer the challenges of the retail business. Jain said the platform developed by Perpule could support the growth of LPPF's retail business.

According to idnfinancials.com data, Perpule began operating in India in 2016. Since its establishment, Perpule has obtained funding of US$ 5.3 million or around Rp76.5 billion. (KR/AR)