Indonesia Now Has 8 Unicorns: Here's the List

Technology & Telecommunications

Premium

Cindy Mutia Annur 17/11/2021 17:30 WIB

URL has been copied

Memuat...

Two Indonesian startups that have recently joined the unicorn club are Ajaib and Xendit.

Valuation of 8 Indonesian Unicorns (November 2021)

A Small Font
A Medium Font
A Bigger Font

You are accessing content Single Data Premium.
To continue, please subscribe or buy individually.

Professional

Enjoy premium access with a more affordable price.

Start from

~~Rp300.000~~ 150.000/month

Access more premium content and exclusive features for customers.

Start from

50.000/month

Hanya Rp833 per artikel

More details »

Buy Retail

Read the article immediately “Indonesia Now Has 8 Unicorns: Here's the List”.

Rp10.000

We accept the following payments:

Some payment methods are still in the process of being activated.

Valuation of 8 Indonesian Unicorns (November 2021)

Download

Source

A Small Font
A Medium Font
A Bigger Font

The Minister of Communication and Informatics (Kominfo), Johnny G. Plate, stated that Indonesia now has eight unicorns. According to a CB Insight report, Tokopedia and Gojek (GoTo) have the largest valuation at US$18 billion, or approximately Rp 256.55 trillion (using an exchange rate of Rp 14,253/US$). This amount makes GoTo the only decacorn in Indonesia.

J&T Express is in second place with a valuation of US$7.8 billion. Bukalapak is recorded as having a valuation of US$3.5 billion.

Traveloka and OVO follow with valuations of US$3 billion and US$2.9 billion, respectively. OnlinePajak has a recorded valuation of US$1.7 billion.

Most recently, Ajaib and Xendit joined the list of Indonesian unicorns. Both have valuations of US$1 billion each.

For information, a unicorn is a startup with a valuation exceeding US$1 billion. A decacorn has a valuation exceeding US$10 billion.

Editor : Dimas Jarot Bayu

"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."