Indonesian Telco Indosat Ooredoo Shuts Down Ecommerce Arm – Cipika

Indonesian Telco Indosat Ooredoo Shuts Down Ecommerce Arm – Cipika

Indonesia-based telecom company, Indosat Ooredoo has reportedly decided to shut down its ecommerce vertical, Cipika.

Cipika was launched in 2014 and sold electronics items on its platform. The ecommerce marketplace will stop operations from June 1, 2017. The last transaction it facilitated was on May 22, 2017, as per e27.

In a formal announcement of the shutdown, a statement from Cipika stated, “We will use the remaining time in May to ensure that all purchases are being delivered and all merchants are receiving their payments, for all the transactions on the Cipika Store platform. We would like to extend our deepest gratitude to our merchant partners for their collaboration, as well as to our amazing customers.”

The ceasing of operations will be followed by layoffs in the company. As per an e27 report, the company is laying off a fewemployees, while the rest are being transferred to other business units in Indosat Ooredoo.

Additionally, the shutdown would not affect the operations of Indosat’s online marketplace for games Cipika Play. The platform will continue to function as before.

In another development, Indosat’s cashless payments platform, Dompetku has also been rebranded as PayPro. PayPro now has an independent e-payment license and the platform is now separated from Indosat Ooredoo.

As per the above stated report, Indosat Ooredoo now plans to further strengthen its network and digital business via strategic partnerships.

Following these developments, Cipika’s head Carlos Karo-karo and Dompetku’s head Randy Pangalila will continue working for Indosat at different positions.

Indosat Ooredoo is a digital telecommunications company based in Indonesia. The company offers communication services for mobile-phone users, both for prepaid and postpaid, under the brands Matrix Ooredoo, Mentari Ooredoo and IM3 Ooredoo. As per its Linkedin page, Indosat Ooredoo has 80.5 Mn subscribers and has recorded an increase of data usage at 83.5% compared to 2015.

It has also partnered with Kejora Ventures in launching an accelerator programme in the country, Ideabox. Ideabox has recently expanded to launch its VC firm, with the launch of Ideabox Ventures.

Indosat’s telecommunications platform faces competition from Telkom’s Blanja and XL Axiata’s Elevenia. In February 2016, Elevenia secured $50 Mn in fresh funding in a round led by mobile operator XL Axiata, as per e27. The round also saw participation from SK Planet — a subsidiary of South Korea’s largest mobile carrier SK Telecom.

[optin-monster-shortcode id="sm4ea1idxfll5sz9vyo6"]
Note: We at Inc42 take our ethics very seriously. More information about it can be found here.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Indonesian Telco Indosat Ooredoo Shuts Down Ecommerce Arm – Cipika-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Indonesian Telco Indosat Ooredoo Shuts Down Ecommerce Arm – Cipika-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Indonesian Telco Indosat Ooredoo Shuts Down Ecommerce Arm – Cipika-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Indonesian Telco Indosat Ooredoo Shuts Down Ecommerce Arm – Cipika-Inc42 Media
Indonesian Telco Indosat Ooredoo Shuts Down Ecommerce Arm – Cipika-Inc42 Media
You’re in Good company