Indonesia has been one of the hottest startup markets in Southeast Asia, along with Singapore and Vietnam. In addition, it also has one of the most active startup ecosystems in the world. According to Startup Ranking database, Indonesia currently has 2293 active startups, 5th place below US, India, UK, and Canada.
The competition in Indonesia's startup market intensifies along with the ecosystem growth and the number of successful investments. This continues to attract domestic and foreign capital despite the uncertainty in the global economy and the rise of new disruptive technologies.
In continuation of our previous Tech Deals edition published in July 2021, we compiled herein the recent Tech Deals that have been completed in the period of June-September 2021. The information we provide in this article is compiled based on the deals that have been announced and publicly known.
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