How Many Hectocorn, Decacorn, and Unicorn Startups Are There in the World?

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Andrea Lidwina 24/10/2019 13:52 WIB

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Minister of Communication and Informatics Johnny G Plate aims to produce a US$100 billion (hectocorn) startup in Indonesia. Currently, only one startup in the world has achieved such a valuation: Ant

Number of Hectocorn, Decacorn, and Unicorn Startups Globally

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Number of Hectocorn, Decacorn, and Unicorn Startups Globally

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The Minister of Communication and Informatics, Johnny G Plate, is ambitious to create US$100 billion scale startups (hectocorns). He will also encourage the emergence of unicorn and decacorn startups over the next five years. This is because, according to Johnny, the presence of startups can accelerate digital economic opportunities in Indonesia.

According to research by the Hurun Research Institute, there is currently only one hectocorn startup in the world, Ant Financial. This Chinese company operates in the financial technology (fintech) sector and has a valuation of US$150 billion.

In addition to hectocorns, the research mentions the number of decacorns (US$10 billion valuation) and unicorns (US$1 billion valuation) in the world, namely 23 and 470 startups respectively. Indonesia has one decacorn (Gojek) and four unicorns (Tokopedia, Traveloka, OVO, and Bukalapak).

Editor : Aria W. Yudhistira

"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."