Who Will Be Indonesia's Next Unicorn?

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06/03/2019 14:47 WIB

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Currently, there are 9 Indonesian startups categorized as centaurs, with valuations exceeding US$100 million.

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Local Startup Valuation (December 2018)

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Four Indonesian startups have become unicorns (valued at over US$1 billion/Rp 14 trillion). According to Daily Social research, Gojek led the valuation of local startups with a value of US$9.5 billion, or Rp 133 trillion at an exchange rate of Rp 14,000 per US dollar, at the end of 2018.

Meanwhile, a domestic startup that falls into the centaur category (valued at over US$100 million) and has the potential to become a unicorn is Ovo. This fintech startup has a valuation of around US$900 million and is one step away from becoming the fifth Indonesian unicorn.

(Read Databoks: Half of Southeast Asia's Unicorns Originate from Indonesia)

Currently, there are 9 local startups in the centaur category, as shown in the graph below. Of these, two have the potential to become new unicorns: Ovo and Akulaku.

"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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Who Will Be Indonesia's Next Unicorn?

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