The Minister of Communication and Information hopes that Indonesia will add one “startup” decacorn

Jakarta (ANTARA) – The Minister of Communications and Information, Johnny G. Plate hopes that Indonesia will soon have additional decacorn, start-up (startup) which has a valuation of over 10 billion US dollars.

“The resilience (of the digital economy) is reflected in the increase in funding startup in Indonesia, where until now Indonesia has had one decacorn namely Gojek. And hopefully two soon,” said the Minister of Communication and Informatics in a press statement, Wednesday.

According to Minister Johnny, currently, apart from one decacorn, Indonesia already has seven unicorn namely Tokopedia, Traveloka, OVO, Bukalapak, J&T Express, OnlinePajak, Xendit, and Magic.

Citing data released by Google, Temasek, and Bain in 2020, the growth of digital startups increased during the pandemic due to the increase in users of digital services.

“The number of internet users reached 202.6 million people as of January 2021. In addition, digital service users in Indonesia also experienced a 37 percent growth during the COVID-19 pandemic,” he explained.

On a global and national scale, innovation and utilization of digital technology has been accelerated due to the pandemic.

Citing data from the United Nations Conference on Trade and Development in 2021, Minister Johnny showed an increase bandwidth the global internet in 2020 reached 35 percent, the increase being the largest since 2013.

“With monthly data traffic globally, it is predicted to continue to increase to 780 exabytes in 2026. Thus, the adoption of digital technology has become a catalyst for progress in various people’s lives and activities, including the development of the digital economy in Indonesia,” he explained.

The Minister of Communication and Information stated that collaboration betweenstartup Indonesia is also increasingly visible from the joining of Gojek and Tokopedia in platform consolidation e-commerce. This is expected to be able to strengthen the national digital economy ecosystem through collaborative efforts.

“With this stretching potential and resilience, it is estimated that the valuation of Indonesia’s digital economy in the future will continue to increase, reaching 124 billion US dollars in 2025 and 315.5 billion US dollars in 2030,” he said.

Minister Johnny stated the presence of the digital financial services sector (fintech) has an important role for society.

In order to support the growth of the digital financial sector, the Ministry of Communication and Informatics has implemented three policies which include equitable distribution of digital infrastructure development, digital ecosystem governance, and preparation of digital talent.

“The digital ecosystem policy from upstream to downstream is implemented so that the Indonesian people can jointly develop a digital ecosystem that is inclusive, useful, safe, equitable and is expected to be no one left behind,” he said.

Also read: The government continues to strengthen control despite the decline in COVID-19 cases

Read also: Indonesia’s G20 presidency focuses on economic recovery

Reporter: Arnidhya Nur Zhafira
Editor: Alviansyah Pasaribu


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