Indonesia’s startup valuations have recently come down to a more justifiable level as investors and players are gradually moving their focus back to the fundamentals of businesses, partner at Venturra Capital, Tee Plern Suraphongchai, said at DEALSTREETASIA’s Asia PE/VC Summit – Indonesia Panel in Singapore last week.
Suraphongchai believed valuations had been “unrealistic” and “unreasonable” at the beginning of the first few years of Indonesia’s digital startup boom, as competition among investors rose exponentially and drove early-stage valuations up.
