Indonesia saw five new unicorn companies in 2021, the most the country has ever seen in a single year, and experts project the country will see another record-breaking number of unicorns in 2022, likely coming from the fintech and e-commerce sectors. Last year, five start-ups reached a valuation of more than US$1 billion, earning them unicorn status. The previous record was set in 2017, when three start-ups, namely Gojek, Tokopedia and Traveloka, became unicorns. “The additional unicorns mean that investors are paying attention to Indonesian start-ups,” said Institute for Development of Economics and Finance (Indef) economist Nailul Huda on Monday.

https://www.thejakartapost.com/business/2022/01/05/fintech-e-commerce-firms-most-likely-next-unicorns-say-experts.html

By Jakarta Post

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