TEMPO.CO, Jakarta - A joint-research by Google and AT Kearney shows that investments in Indonesia's startups have grown 68 times in the last five years. In 2016, the investment was US$1.4 billion or around Rp18 trillion. By August 2017 the number has surged to US$3 billion or Rp39.8 trillion.
The research dubbed "Indonesia Venture Capital Outlook 2017" was held from May to August this year. It illustrates how Indonesia's startup landscape is still at the early stages. Further developments are to be expected, especially in the e-commerce and transportation segments.
Since 2012, startup investments in the e-commerce categories account for 58 percent, while transportation has 38 percent.
The top three startups in Indonesia are Go-Jek, Tokopedia, and Traveloka, each valuing more than US$1 billion.
In the future, other startup categories are likely to excel, especially financial technology companies (fintechs) offering IT-based financial solutions, as well as health-tech companies.
The research also states that in 2016 Southeast Asia's total startup investment worth was US$6.8 billion, of which 19 percent was dominated by Indonesian startups. The biggest market was Singapore, which took up 41 percent.
ROLLING STONES | ALIA