Asia PE-VC Summit 2020: Indonesia – Massive market, large benefit?

Asia PE-VC Summit 2020: Indonesia - Big market, big advantage?

With a younger and fast-urbanising inhabitants of 267 million individuals and a $1.1 trillion financial system, Indonesia’s burgeoning shopper market presents big alternatives for buyers and startups.

The nation’s web financial system can also be booming. A report launched collectively by Google, Temasek, and Bain, earlier this month, confirmed Indonesia’s web financial system reached $44 billion this 12 months because the pandemic-induced lockdowns prompted customers to go surfing and search options to the brand new challenges.

There have been losers and winners. Whereas some startups shuttered operations, some managed to boost big-ticket funding in the course of the pandemic.

The general image, nonetheless, shouldn’t be too rosy. In accordance with Indonesia’s enterprise capital affiliation, fundraising by Indonesian startups in 2020 is poised to fall by practically a 3rd from final 12 months.

Fifty-two startups within the nation had raised $1.92 billion till the third quarter of 2020. This may increasingly inch as much as $2 billion by the tip of this 12 months, the affiliation added. That’s nonetheless down 32.4 per cent from the $2.95 billion raised in 2019.

Is Indonesia nonetheless the area’s most market post-pandemic?

We now have put collectively three periods that delve into the alternatives that Indonesia presents and the pitfalls that lurk because of the pandemic at DealStreetAsia’s PE-VC Summit 2020 on November 24-25.

Indonesia: Will PEs chase pandemic-proof bets in SE Asia’s largest market?

What are the assorted new alternatives which have advanced for PE capital within the nation put up the COVID-19 disaster? Will capital proceed to pour into the area’s largest shopper market?

Rachmat Kaimuddi, CEO of e-commerce unicorn Bukalapak, joins Stefanus Hadiwidjaja, Managing Director at Creador, and Sunata Tjiterosampurno, Co-Chief Funding Officer & Member of the Funding Committee at Northstar Group, in a panel moderated by DealStreetAsia’s head of Asean analysis Andi Haswidi on November 24.

Navigating the disaster and fundraising in the course of the pandemic

Whereas different startups have winded down operations because of the pandemic, variety of Indonesian corporations have raised big-ticket fundraising in the course of the disaster. Amongst them had been journey reserving unicorn Traveloka, which secured $250 million in July, and logistics startup Waresix which snagged $100 million in September.

Traveloka’s Chief Technique Officer Joydeep Chakraborty and Waresix Co-founder and CEO Andree Susanto will share their expertise on how they cruised by way of this era and their outlook on post-COVID restoration in dialog with Shotaro Tani, Indonesia Correspondent at Nikkei Asia Overview on November 24.

Indonesia: Does large market translate to large benefit?

The Google-Temasek report attributed the expansion of Indonesia’s web financial system this 12 months to e-commerce, which grew 54 per cent.

Indonesia’s shopper web performs in funds, e-commerce, edtech, and healthtech have seen a marked uptick in adoption with the pandemic altering person behaviour.

On November 25, our Indonesia correspondent, Ardi Wirdana, will discuss to Yinglan Tan, Founding Managing Accomplice & CEO, Insignia Enterprise Companions; Jason Thompson, CEO of Ovo; and Akshay Garg, Co-Founder & CEO of FinAccel to take a look at the highway forward for winners and challengers, outlook on consolidation, and fundraising within the nation’s burgeoning shopper web sector.

As well as, we even have a hearth chat on the second day of the summit with decacorn Gojek to see how it’s dealing with the pandemic.

Catch these periods dwell and extra, now with a $100 off with code DSAREADER. Register Now!

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