Decacorn Startup Companies in Indonesia

In recent years, the global entrepreneurial landscape has witnessed the rise of decacorn startups, representing companies with staggering valuations surpassing the $10 billion mark. Indonesia, Southeast Asia’s largest economy, has emerged as a hotbed for such innovative ventures, hosting several prominent players reshaping various industries. This article delves into the remarkable journey of two notable Indonesian decacorn startups, exploring their origins, milestones, and the transformative impact they’ve had on the local and international markets.

Also read: Top Unicorn Startup Companies in Indonesia

1. GoTo (Gojek and Tokopedia Merger)

   

   The genesis of GoTo traces back to the merger between two pioneering Indonesian startups, Gojek and Tokopedia, heralding a groundbreaking alliance that redefined the entrepreneurial landscape. Initially established as separate entities, Gojek revolutionized transportation and delivery services, while Tokopedia emerged as a leading e-commerce platform, catering to millions of online shoppers.

   The merger between Gojek and Tokopedia catalyzed the creation of GoTo, a conglomerate with an unprecedented valuation, solidifying its status as a decacorn startup. This transformative collaboration propelled GoTo into the global spotlight, garnering attention for its remarkable growth trajectory and innovative business model.

   GoTo’s journey to success culminated in its historic Initial Public Offering (IPO), marking a significant milestone in the company’s evolution. Notably, GoTo’s IPO emerged as the third-largest in Asia and the fifth-largest globally for the year 2022, underscoring investor confidence and market enthusiasm surrounding the venture.

   Furthermore, GoTo’s listing on the ASEAN stock exchange solidified its position as a trailblazer in the region’s technology sector, setting new benchmarks for aspiring startups.

   Also read: 14 Top Multinational Companies in Indonesia

2. J&T Express

   

   J&T Express, founded by visionary entrepreneur Tony Chen, emerged as a disruptor in Indonesia’s logistics industry, leveraging advanced technology and strategic expansion initiatives to redefine last-mile delivery solutions. Since its establishment in 2015, J&T Express has experienced exponential growth, surpassing traditional logistics giants and attaining unicorn status within a short span.

   The exponential growth of J&T Express can be attributed to its comprehensive network coverage and state-of-the-art tracking system, offering unparalleled convenience and reliability to customers nationwide. By prioritizing customer satisfaction and operational efficiency, J&T Express has cemented its position as a market leader, surpassing competitors and consolidating its status as a formidable decacorn startup.

Also read: Major Industries in Indonesia (Based on Contribution to GDP)

In conclusion, the emergence of decacorn startups in Indonesia exemplifies the nation’s dynamic entrepreneurial ecosystem, characterized by resilience, innovation, and visionary leadership. GoTo and J&T Express stand as shining examples of Indonesian ingenuity and determination, reshaping traditional industries and driving socioeconomic progress.

As these trailblazing ventures continue to thrive and expand their global footprint, they inspire future generations of entrepreneurs to dream big and embark on transformative journeys of their own.

Having learned the list above, are you now prepared to establish your own startup in Indonesia?

However, the process of establishing a business in Indonesia involves several steps, including business registration, obtaining necessary licenses and permits, and complying with local regulations. To simplify the process and ensure compliance, it is advisable to seek professional assistance.

InvestinAsia is among the companies that specialize in aiding you with Indonesia company registration. We boast a team of seasoned experts who can guide you throughout the process.

• PMA / Foreign Company Registration in Indonesia
• Set Up Indonesian PT PMDN
• Indonesia representative office registration
• Virtual office setup in Indonesia
• Business registration number in Indonesia
• Indonesian Business Licenses
• Indonesia Trademark Registration

If you are interested in starting a startup in Indonesia, you can start by .