The Rise of Indonesian Unicorns: A Booming Startup Scene

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29/01/2018 12:16 WIB

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Startups Scaling to Unicorns

Number of Startups Achieving Unicorn Status (2004-2017)

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Number of Startups Achieving Unicorn Status (2004-2017)

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In 2017, 57 startups achieved Unicorn status. This means these startups received substantial funding, reaching a valuation of US$1 billion or more.

Of the 57 Unicorn companies, 32 were from the United States, 18 from China, four from the United Kingdom, and one each from the United Arab Emirates, India, and Indonesia (Traveloka). The number of startups evolving into Unicorns has been rapidly increasing over the past three to four years. However, the number of startups achieving Unicorn status in 2017 was lower than in 2015.

According to PitchBook data, Toutiao ranked as the top Unicorn last year, with a valuation of US$20 billion. Toutiao is a Chinese information platform that focuses on AI-powered recommendations.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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The Rise of Indonesian Unicorns: A Booming Startup Scene

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The Rise of Indonesian Unicorns: A Booming Startup Scene

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