Batavia Incubator Launches, Announces Their First Portfolio

Today, new comer Batavia Incubator (warning, their website only contains their logo and email info@batavia-incubator.com) officially open their operation in Indonesia by publicly announce their first portfolio company, C2C commerce site BukaLapak.com.

Founded as a joint venture between Rebright Partners, Japanese incubator and Corfina Group, Indonesian Financial Group, Batavia Incubator is ready to start activity as internet/mobile service focused incubator in Indonesia. Rebright Partners’ CEO Takeshi Ebihara also joins BukaLapak’s board seat.

Batavia Incubator’s target is seed stage start up, including non-legal entity young team where they supply seed funding capital to bridge to Series A funding, the usual incubator type. We’ve heard about the rumor back for over a month now, and now they’ve finalized all the deal and ready to enter Indonesia’s crowded investor/private equity/incubator/accelerator market.

BukaLapak itself is a classified platform where people can put items for sale and also for users to buy items. Although the site never commit to a specific niche, the site went popular throughout Indonesia’s cyclist community and is now the top of mind for users looking for bicycle-related items.