Fresh from the IPO: Teddy Oetomo of Bukalapak

Bukalapak in August became Indonesia's first ever locally listed tech unicorn. Its robust revenue growth in its first reported quarter as a public company offers a compelling alternative narrative to characterizations of destructive hyper-competition across the country's e-commerce industry. Company President Teddy Oetomo points out that tier 2-4 cities, where its "Mitra Bukalapak" service dominates by serving micro and small-sized offline merchants, is actually where a majority of Indonesia's commerce occurs.