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

With a young and fast-urbanising population of 267 million people and a $1.1 trillion economy, Indonesia’s burgeoning consumer market offers huge opportunities for investors and startups.

The country’s internet economy is also booming. A report released jointly by Google, Temasek, and Bain, earlier this month, showed Indonesia’s internet economy reached $44 billion this year as the pandemic-induced lockdowns prompted users to go online and seek solutions to the new challenges.

There were losers and winners. While some startups shuttered operations, some managed to raise big-ticket funding during the pandemic.

The overall picture, however, is not too rosy. According to Indonesia’s venture capital association, fundraising by Indonesian startups in 2020 is poised to fall by nearly a third from last year.

Fifty-two startups in the country had raised $1.92 billion until the third quarter of 2020. This may inch up to $2 billion by the end of this year, the association added. That’s still down 32.4 per cent from the $2.95 billion raised in 2019.

Is Indonesia still the region’s maximum market post-pandemic?

We have put together three sessions that delve into the opportunities that Indonesia offers and the pitfalls that lurk as a result of the pandemic at DealStreetAsia’s Asia PE-VC Summit 2020 on November 24-25.

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

What are the various new opportunities that have evolved for PE capital in the country post the COVID-19 crisis? Will capital continue to pour into the region’s largest consumer market?

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

Navigating the crisis and fundraising during the pandemic

While other startups have winded down operations due to the pandemic, a good number of Indonesian firms have raised big-ticket fundraising during the crisis. Among them were travel booking unicorn Traveloka, which secured $250 million in July, and logistics startup Waresix which snagged $100 million in September.

Traveloka’s Chief Strategy Officer Joydeep Chakraborty and Waresix Co-founder and CEO Andree Susanto will share their experience on how they cruised through this period and their outlook on post-COVID recovery in conversation with Shotaro Tani, Indonesia Correspondent at Nikkei Asia Review on November 24.

Indonesia: Does big market translate to big advantage?

The Google-Temasek report attributed the growth of Indonesia’s internet economy this year to e-commerce, which grew 54 per cent.

Indonesia’s consumer internet plays in payments, e-commerce, edtech, and healthtech have seen a marked uptick in adoption with the pandemic altering user behaviour.

On November 25, our Indonesia correspondent, Ardi Wirdana, will talk to Yinglan Tan, Founding Managing Partner & CEO, Insignia Venture Partners; Jason Thompson, CEO of Ovo; and Akshay Garg, Co-Founder & CEO of FinAccel to look at the road ahead for winners and challengers, outlook on consolidation, and fundraising in the country’s burgeoning consumer internet sector.

In addition, we also have a fireside chat on the second day of the summit with decacorn Gojek to see how it is coping with the pandemic.

Catch these sessions live and more, now with a $100 off with code DSAREADER. Register Now!

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.