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The Finance Ministry confirmed that it planned to team up with two hotel management and booking platform startups, OYO and RedDoorz.
Kopi Kenangan reportedly received major USD20 million funding from Sequoia India. Other backers include Jay-Z, Serena Williams, and Jonathan Neman.
The Hurun Research Institute just released its inaugural report on the global unicorn startups entitled the Hurun Global Unicorn List 2019.
Decacorn is a term for a relatively new company that is worth at least US$10 billion. Indonesia currently has 1 decacorn, Gojek.
In the overly competitive digital era, the state minister says it is normal to witness failures of startup companies.
Finance Minister Sri Mulyani Indrawati said millennial generation has the opportunity to help the government by establishing a startup company.
Earlier, the BKPM head Thomas Lembong said Google's and Temasek's study noted 4 country's unicorns including Traveloka claimed to belong to Singapore.
E-commerce Bukalapak CEO Achmad Zaky hoped his startup would reach a decacorn status in 2019.
E-commerce Bukalapak is ranked Indonesia's top startup based on Startup Ranking website per June 22, 2019.
The Indonesian Pavilion at the 2019 Techsauce Global Summit in Bangkok, Thailand, brings three most influential startups in Indonesia
Entrepreneurship development consulting firm Endeavor Indonesia reported around 10,100 jobs was created by 35 startups in Indonesia throughout 2018.
Finance Minister Sri Mulyani Indrawati said focusing on trivial matters led startup companies such as Go-Jek and Bukalapak to achieve success.
Indonesia's digital economy in 2018 grew rapidly into the largest in Southeast Asia with an estimated value of US$27 billion.
President Jokowi calls on the public to stop uninstall e-commerce app Bukalapak.
Industry Ministry supported the growth of digital startup in a bid to sustain the implementation of the industrial revolution 4.0.
Minister of Communications and Informatics Rudiantara said that Indonesian startups are growing rapidly.