Indonesian Startup Investment Plunges 87% in First Half of 2023, Steepest Drop in ASEAN

Technology & Telecommunications

Premium

Cindy Mutia Annur 04/11/2023 13:11 WIB

URL has been copied

Memuat...

According to the e-Conomy SEA 2023 report, startup investment in Indonesia plummeted 87% year-on-year in the first half of 2023. Investment also declined in five other ASEAN countries.

Southeast Asian Startup Investment Value in the First Half of 2022-2023

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 “Indonesian Startup Investment Plunges 87% in First Half of 2023, Steepest Drop in ASEAN”.

Rp10.000

We accept the following payments:

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

Southeast Asian Startup Investment Value in the First Half of 2022-2023

Download

Source

A Small Font
A Medium Font
A Bigger Font

Based on the report titled *e-Conomy SEA 2023* by Google, Temasek, and Bain & Company, investment in Indonesian startups plummeted 87% year-on-year (YoY) in the first half of 2023. This represents a decrease from US$3.3 billion to just US$400 million, or approximately Rp6.3 trillion (assuming an exchange rate of Rp15,757/US$).

This decline in startup investment wasn't limited to Indonesia; five other countries in the Association of Southeast Asian Nations (ASEAN) also experienced similar drops. The report indicates that investment in Philippine startups fell by 79% (YoY), from US$800 million to US$200 million in the first half of the year.

Similarly, Singapore saw a 63% (YoY) decrease in startup investment, reaching US$3 billion during the same period.

The trend shows that Indonesia experienced the steepest decline in startup investment in Southeast Asia during the first half of 2023.

However, in terms of nominal value, Singapore had the highest startup investment in Southeast Asia during the first half of this year, while Thailand had the lowest.

Here's a breakdown of startup investment values and their decline in Southeast Asian countries during the first half of 2023:

* Singapore: down 63% from US$7 billion to US$3 billion
* Vietnam: down 24% from US$700 million to US$600 million
* Indonesia: down 87% from US$3.3 billion to US$400 million
* Malaysia: down 52% from US$500 million to US$300 million
* Philippines: down 79% from US$800 million to US$200 million
* Thailand: down 66% from US$300 million to US$100 million

Google, Temasek, and Bain & Company reported that overall Southeast Asian startup investment plunged 69.2% year-on-year (YoY), from US$13 billion to US$4 billion during the first half of 2023.

“Private funding for startups in Southeast Asia has fallen to its lowest level in six years. This is in line with the global shift towards higher capital costs and issues across the funding cycle,” stated Google, Temasek, and Bain & Company in their report.

Editor : Erlina Fury Santika

"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."

Related Data

Warning! Mount Semeru Erupts Again Tonight (Friday, December 5, 2025)

Mount Ibu Erupts Again Tonight (Friday, December 5, 2025)

10 Most Polluted Regions in Indonesia Tonight (5/12)

Capital: The Main Obstacle for E-Commerce Entrepreneurs in Indonesia

Top Moisturizer Brands on Shopee Indonesia September 2025

Tabalong Regency's Air Quality Cleanest in Indonesia This Afternoon (5/12)

Latest Data Stories

Warning! Mount Semeru Erupts Again Tonight (Friday, December 5, 2025) Demographics 05/12/2025, 22:50 WIB

Tapin Weather Forecast February 18 - March 2 Demographics 05/12/2025, 22:46 WIB

Mount Ibu Erupts Again Tonight (Friday, December 5, 2025) Demographics 05/12/2025, 22:19 WIB

Other Service Sector PDRB ADHK 2013-2024 Technology & Telecommunications 05/12/2025, 20:42 WIB

10 Most Polluted Regions in Indonesia Tonight (5/12) Consumer Services & Health 05/12/2025, 19:48 WIB

Today's Food Prices (05/12) in Aceh: Onions Up, Red Chili Down Economics & Macro 05/12/2025, 18:51 WIB

Download

Source

Indonesian Startup Investment Plunges 87% in First Half of 2023, Steepest Drop in ASEAN

Tags

Related Data

Warning! Mount Semeru Erupts Again Tonight (Friday, December 5, 2025)

Mount Ibu Erupts Again Tonight (Friday, December 5, 2025)

10 Most Polluted Regions in Indonesia Tonight (5/12)

Capital: The Main Obstacle for E-Commerce Entrepreneurs in Indonesia

Top Moisturizer Brands on Shopee Indonesia September 2025

Tabalong Regency's Air Quality Cleanest in Indonesia This Afternoon (5/12)

Latest Data Stories

Popular Data

Indonesian Startup Investment Plunges 87% in First Half of 2023, Steepest Drop in ASEAN

Tags

Related Data

Warning! Mount Semeru Erupts Again Tonight (Friday, December 5, 2025)

Mount Ibu Erupts Again Tonight (Friday, December 5, 2025)

10 Most Polluted Regions in Indonesia Tonight (5/12)

Capital: The Main Obstacle for E-Commerce Entrepreneurs in Indonesia

Top Moisturizer Brands on Shopee Indonesia September 2025

Tabalong Regency's Air Quality Cleanest in Indonesia This Afternoon (5/12)

Latest Data Stories

Trending Topics

Popular Data