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Unicorn Startup Make Indonesia Look Promising in Asia

Unicorn Startup Make Indonesia Look Promising in Asia

The emergence of various startup in Indonesia in terms of technology, giving a role to Indonesia in the Asian realm is increasingly visible. Indonesia is even touted to outperform Singapore, this is because some Indonesian companies have gained unicorn status.

This condition makes Tech in Asia choose Jakarta to host another Tech in Asia Conference. This event is a consolidation of several previous local conferences which in the last seven years were held in several cities such as Tokyo and Singapore.

Unicorn Startup Make Indonesia Look Promising in Asia

The founder of Tech in Asia, Willis Wee, said that as a form of support to develop the ecosystem of technology companies in Asia, he sought to become a liaison that helped digital entrepreneurs build businesses in the Asian market.

He considers the Indonesian market important for companies that want to penetrate regional markets. This is because the market provides many great opportunities. Jakarta is home to most of the new technology companies in Indonesia. It also has a strategic position for the company to expand to various islands and regions.

Bekraf Estimates Growth of 30% by 2019 Will Happen in Indonesian Technology Companies

Meanwhile, based on data from the Creative Economy Agency (Bekraf), the growth of Indonesian companies is expected to increase by 30% this year. Indonesia also has several unicorns, companies that have a billion-dollar valuation including:

1. Gojek

This company is engaged in online transportation which is now starting to be popular with the public, besides the costs incurred are quite cheap there are also a few cuts when using the Gojek output application.

2. Traveloka

Engaged in tourism, many of the people who use it, in addition to easy use they do not need to come to the ticket counter if you want to go anywhere.

Unicorn Startup Make Indonesia Look Promising in Asia

3. Bukalapak

Just like other companies engaged in buying and selling, many of the people who use the application of this company to facilitate shopping activities.

4. OVO

This company is engaged in the field of fintech, this company makes it easy for people when they want to make payments both at outlets and online shopping.

The Tech in Asia Conference, located at the Jakarta Convention Center, hopes to attract around 6,000 visitors from various professions, such as investors, executives, local and international media, and the technology community.

Tokopedia’s founder and CEO, William Tanuwijaya, and Bukalapak’s CEO, Achmad Zaky, were intended to be speakers at this event. With more than 50 sessions, the Tech in Asia Conference presents 4-stage content, consisting of 1 Main Phase and 3 Expert Stages.

Beginners Are Allowed To Participate

In addition to seeking knowledge and expanding networks with stakeholders in the technology ecosystem in Asia, visitors to Tech in Asia Conference can also participate in select segments, such as Factory Companies, Corporate-Investor Speed ​​Dating, Arena Pitch Battle, and Roundtables.

The Tech in Asia Conference is expected to be a catalyst that can facilitate companies and also technology activists to grow and improve the business in Indonesia and Asia. Meanwhile, Indonesia’s digital economy is reported to reach forty trillion dollars in 2019 based on the e-Conomy report.

Unicorn Startup Make Indonesia Look Promising in Asia

Google SEA Managing Director, Randy Jusuf, said that the number increased more than five times from eight billion dollars in 2015. The biggest contributor to the economy in Indonesia is beginners. The company covers five sectors including e-commerce, online media, travel, online transportation, and digital financial services.

The report also shows that Indonesia’s digital economy is the fastest in the past five years in the Southeast Asian region. Indonesia is even expected to be a country that encourages dynamic economic growth for Southeast Asia. With the growth of startup in Indonesia, Indonesia’s digital economy is predicted to reach more than one hundred billion-dollar by 2025.