logo
logo

Indonesian handicrafts marketplace Qlapa shuts down

avatar
Earl Ledet
img

Qlapa, an Indonesian handicrafts marketplace, has shut down.

The company published a statement on its website and social media channels to announce the shutdown – the platform itself is no longer accessible.

In the statement, Qlapa alluded to its inability to build a profitable and sustainable business.

Tech in Asia has reached out to co-founder and CEO Benny Fajarai for comment.

Qlapa was founded in 2015 by Fajarai and co-founder Fransiscus Xaverius, who saw a US$20 billion opportunity in the Indonesian handicrafts market.

The startup notably raised its seed round from Global Founders Capital, a VC firm founded by the Samwer brothers of Rocket Internet.

collect
0
avatar
Earl Ledet
guide
Zupyak is a the world’s largest content marketing community, with over 300 000 members and 3 million articles. Explore and get your content discovered.