Indonesian bookkeeping startup Lummo, previously known as BukuKas, may close shop and return over $70 million of the funding it has raised to investors, multiple sources aware of the development told this portal.
The company, backed by Sequoia Capital India and Bezos Expedition, has raised nearly $127 million in funding so far and is valued at over $500 million, according to DealStreetAsia DATA VANTAGE.