Indonesian Startups Growing Rapidly: Minister Rudiantara

• Sep 25, 2018

TEMPO.CO, Jakarta – Minister of Communications and Informatics Rudiantara said that Indonesian startups are growing rapidly, flexing their muscles to the world with remarkable achievements, and are even comparable to a number of Unicorns in Germany.

“Not only in terms of Unicorns, even in terms of startups, Indonesia has shown its level,” said Rudiantara, while giving a public lecture on Nationalism in the Digital Era at the IPB Dramaga Campus, Bogor, West Java, Monday.

He said that based on data from the startup rankings until March 2018, Indonesia ranked fourth in the world in terms of the number of startups.

The United States ranked first with around 28 thousand startups, India was at 4,700, Britain at 3,000, and Indonesia at around 1,720 startups.

Meanwhile, Regarding Unicorn, based on international data as of 2017, of the 359 startup unicorns in the world, China ranked first with 149 unicorns, outperforming the United States with only 146 unicorns, followed by Britain, India and Israel.

“Indonesia is on par with Germany, as we have four unicorns. In the ASEAN, there are seven unicorns, four of them are in Indonesia, and three in our neighboring countries,” he said.

But, he continued, two unicorns of the neighboring countries had Indonesia as their main market, So, it is very possible that in 2019, Indonesia will add one more unicorn, the minister said.

Source: https://en.tempo.co/read/news/2018/09/25/056921932/Indonesian-Startups-Growing-Rapidly-Minister-Rudiantara