Drifting into 2020, when the first signs of COVID-19 emerged, Indonesia’s unicorns had foreseen a busy year. In hindsight, “busy” was an understatement.
The past 12 months were relentless for the unicorns, who reviewed and re-calibrated their playbooks after the black swan event. Those who found themselves in a stable position during the year sought to seize newfound opportunities. As such, the experience of 2020 should put the companies in good stead for the coming years.