Lummo, an e-commerce enablement and bookkeeping services provider, has raised $80M in a Series C. The round drew participation from Sequoia Capital India, Tiger Global Management, and CapitalG, among others.

HOW’S THE COMPANY PERFORMING?

  • Indonesia-based Lummo offers e-commerce enablement solutions and a bookkeeping app for SMEs.
  • Lummo’s annualized bookkeeping transaction volume currently stands at $25.9B, and its gross merchandise value (GMV) grew 11x in 2021.
  • The company had onboarded 6.3M businesses and attained 3M monthly active users as of May 2021. The company aims to onboard 20M SMEs by the end of 2022.
  • The startup is supported by a team of 300 employees across its offices in Indonesia and India.

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The post Indonesian E-Commerce Enablement And Bookkeeping Technology Firm Lummo, Formerly BukuKas, Raises $80M From Sequoia And Tiger Global — Lummo’s Competitors Include Bukalapak, BukuWarung, And Tokopedia appeared first on CB Insights Research.

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