What is the Valuation of Indonesian Unicorns?

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19/02/2019 13:03 WIB

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A unicorn is a term for a startup company with a valuation of US$1 billion.

Indonesia Unicorn Funding and Valuation (January 18, 2019)

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Indonesia Unicorn Funding and Valuation (January 18, 2019)

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The term "unicorn" suddenly went viral after the second presidential debate held on Sunday (17/2/2019). During the debate, presidential candidate number 02, Prabowo Subianto, seemed to lack understanding of the term "unicorn," which was brought up by presidential candidate number 01, Joko Widodo.

A unicorn is a term for a startup company with a valuation of US$1 billion. Currently, there are four Indonesian startups that have become unicorns. First, Tokopedia, with a valuation of US$7 billion or approximately Rp 98 trillion (using an exchange rate of Rp 14,000 per US dollar), the largest in Indonesia. This Indonesian e-commerce company has received disclosed funding of US$2.45 billion.

Second, Gojek, with a valuation reaching US$5 billion or approximately Rp 70 trillion. Third, Traveloka, with a valuation of US$2 billion or Rp 28 trillion. And fourth, Bukalapak, with a valuation of US$1 billion or approximately Rp 14 trillion.

"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."