Indonesia’s SaaS startup Lummo secures US$80M funding, unveils flagship product’s rebranding

Indonesian software-as-a-service (SaaS) startup Lummo, previously known as BukuKas, has raised US$80 million in its Series C round of funding. Lummo was launched in December 2019 as BukuKas, a bookkeeping app for MSMEs, with the objective of empowering and digitizing them. It later expanded its business by launching TOKKO, an online direct-to-consumer commerce builder.