Indonesia's unicorns lure US tech strategic investors from Google to Microsoft

Photo by Afif Kusuma on Unsplash

For the major U.S. tech companies, 2020 showed that Indonesia is shaping up to be the next frontier.

Despite the disruption caused by the coronavirus pandemic, the likes of Facebook, Google and Microsoft have cut a swath of deals to invest in the archipelago’s unicorns — private companies valued at over $1 billion. Investments in companies such as Gojek, Indonesia’s largest tech company, as well as e-commerce platforms Tokopedia and Bukalapak this year are set to reach hundreds of millions of dollars.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter