Maturing startup ecosystem brings new business models to Indonesia
INDONESIA’S startup ecosystem is showing signs of maturity as solutions emerge to tackle problems that are not as obvious, and foreign startups move in to try to make their mark in South-east Asia’s most populous market.
On ground already well-covered by giants such as Grab, Gojek and Bukalapak offering access to consumer goods and services, one startup stands out for its bid to define and build on an informal economy.
Octopus, launched in October 2021, is trying to promote a circular economy through picking up recycling. Its efforts bring to the fore an informal sector where waste collectors scrounge the streets of Indonesia for recyclables that they could sell.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Asean
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
Malaysia mulls over plans for casino in Forest City as part of Johor-S’pore Special Economic Zone: sources
Philippines central bank not seeing rate hike despite peso weakness: finmin
Heatstroke kills 30 in Thailand this year as South-east Asia bakes
Malaysia’s March inflation steady at 1.8%, beats economists’ forecast
Axiata, Sinar Mas move closer to US$3.5 billion telco merger