Bukalapak founder injects $5m in Indonesian cloud hosting start-up
Summary
Indonesian cloud hosting start-up IDCloudHost has received US$5 million in funding from Init 6, a venture capital firm headed by founding partner Achmad Zaky, who cofounded e-commerce unicorn Bukalapak. IDCloudHost plans to use the fund to grow its technology and human resources to expand its market in Asia. “Amid the tight competition in the global cloud service industry, IDCloudHost has succeeded in sustainably maintaining its business growth momentum. We hope that they can strengthen the start-up ecosystem and bring many creative ideas in the digital development,” Achmad said in a statement on Monday. Read also: Cloud service boom will continue: Oracle Established in Bandung in 2015, IDCloudHost said it had 100,000 clients to date that ranged from companies, small and medium enterprises (SMEs) and start-ups to individual developers in Indonesia and Asia.