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Jakarta Post

Indian firms ride the Indonesian start-up wave

Jakarta   /   Thu, March 2, 2017   /  01:07 pm
Indian firms ride the Indonesian start-up wave The number of internet users in Indonesia, which has a population of over 250 million people, is projected to grow from 93 million in 2015 to 123 million in 2018, making Indonesia one of the biggest online markets worldwide. (Shutterstock/File)

Driven by a saturated local market, some Indians are now looking at Indonesia as an attractive destination to fulfil their start-up dreams. Due to similar demographics and a rising middle income crowd, all the tech and product innovations happening in countries like India have become equally relevant for the Indonesian market. The proximity to Singapore and growing familiarity with the English language have made it easier for Indians to operate here. More than 20 Indian start-ups have expanded operations in Indonesia in the last three years. All of them have one thing in common: Indonesia’s big internet using mobile phone market. The number of internet users in Indonesia, which has a population of over 250 million people, is projected to grow from 93 million in 2015 to 123 million in 2018, making Indonesia one of the biggest online markets worldwide. From food reservation to ...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.