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View all search resultsVenture capital firms suggest a possible rebound of Indonesia’s tech sector could begin later this year, though the first half of 2024 will likely remain under the shadows of the 2023 decline marked by mass layoffs and business closures.
Venture capital firms expressed cautious optimism about the country’s healthcare technology industry, urging start-up firms to adopt more realistic strategies in order to survive and to secure more capital in today’s landscape.
Indonesia is expected to see a deceleration in its digital economy growth in the coming years, in line with other emerging countries in the ASEAN region, as tech companies in the bloc face pressure to shift to profitability after years of focusing on growth.
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