Maturing startup ecosystem brings new business models to Indonesia
Add BT as a preferred source
Benjamin Cher
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.
TRENDING NOW
Temasek-backed Foundation Healthcare seeks to raise S$242 million in mainboard IPO
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
SGX to roll out post-trade custody model, changes to bid mechanics in July, cut board lots in October
New IPO aspirants signal renewed listing activity on SGX
