Jakarta - PT Bukalapak Tbk (BUKA), PT Trans Retail Indonesia, and Berani Investment Pte Ltd formed a joint venture company called PT Allo Fresh Indonesia.

AlloFresh Indonesia is a company engaged in trading daily necessities online through a platform called AlloFresh.

The respective ownership of BUKA is 35%, equivalent to the invested investment of Rp77,531 billion, while Trans Retail has control of 55%, or Rp121,834 billion, and BIP is about 10% of Rp22,151 billion.

"The paid-in capital used by the company to invest in Allo Fresh comes from the company's internal cash, "said BUKA Perdana A Saputro, Corporate Secretary, in an information disclosure on Friday (4/3).

He assessed that the partnership with Trans Retail, which has a broad product range and more than 25 years of relationships with suppliers and manufacturers of food and date products in Indonesia, will create a good and profitable partnership when combined with BUKA te