Indonesia is fertile ground for startup growth. It is proven that Indonesia is ranked in the top five with the most startups in the world with 2,249 startups in April 2021 after the US, India, UK, and Canada.
Not only superior in quantity but also the quality of Indonesian startups can’t be doubted, as evidence that Indonesia has four Unicorns ( a startup that has a valuation of more than 1 million US dollars) and one startup that holds the title Decacorn ( a startup that has a valuation of more than 10 million US dollars).
The valuation of Indonesian startups with the titles of Unicorn and Decacorn also dominates the Southeast Asian startup market. Some of them are:
- GO-JEK ( US$ 11 billion )
- Tokopedia ( US$ 8 billion )
- Traveloka ( US$ 3 billion )
- OVO ( US$ 2.9 billion )
- Bukalapak ( US$ 2.5 billion )
The first highest valuation in Indonesia is still in the hands of the GO-JEK company The First Decacorn in Indonesia, here are some lists of companies with Decacorn titles and companies with Unicorn titles in Indonesia:
The First Decacorn in Indonesia was founded by Nadiem Makarim, which was founded in 2010, the company that initially focused on the transportation sector (Gojek and go-car) managed to become a proud startup of Indonesia.
On August 4, 2016, GOJEK managed to become the first startup in Indonesia to get the Unicorn title because of its success in August, GO-JEK also received an injection of 550 Million US Dollars from International Consortium.
On March 14, 2019, GO-JEK was once again the first to get the Decacorn title. and in October 2016 GO-JEK received the ASEAN Entrepreneur award from the World Knowledge Forum in Seoul, South Korea.
The company’s valuation amounted to 11 billion US dollars so that it was able to spread its wings in 3 ASEAN countries, namely Thailand ( under the name GET! ), Singapore, and Vietnam ( under the name GO-VIET ).
The company with the title of the second Unicorn after GO-JEK Founded on August 17, 2009, the company founded by William Tanuwijaya and Leontinus Alpha Edison became the first Indonesian and Southeast Asian startup to receive funding of 100 million US dollars or around Rp 1.2 trillion. from Sequoia Capital and Softbank Internet and Media Inc.
This company only got the title of Unicorn after getting funding from Alibaba Group of US$ 1.1 billion in 2017 and has a valuation of US$ 8 billion.
Tokopedia has a mission of “digital economic equality” and is now claimed to have more than 100 million users as of January 2021 and 6.4 sales.
Thanks to their work, Tokopedia was chosen as Marketeers of the Year at the 2015 Markplus Conference held by Markplus Inc. And the Best Company in Consumer Industry from the Indonesia Digital Economy Award in May 2016.
The explanation above is that even though Indonesia is a developing country, it is not lagging behind developed countries.
We, the Openjournaltheme team, are a professional startup providing quality products and services for every client project including OJS, OMP, OPS, OCS, DSpace, Eprint, and other publishing platforms. We have been trusted by many reputable publishers around the world. Our dedication and commitment to our hard work have proven to help many publishers receive a professional service at an affordable rate. Just like many big companies, we initiate the business from the garage. However, it does not become the limit to have our bigger dream and provide more quality work to our clients. Many of them have even become our long-term customers because they understand that we are the right partner to support their vision. One of the products even become the only product that is recommended by RePEc that was initiated by the Federal Reserve Bank of St. Louis Through IDEAS.
Indonesia, Germany, France, USA, UK, Oman, Saudi Arabia, India and other Neighboring Countries, hundreds of clients from all over the world have trusted us as a professional in providing quality products and services for each client project such as:
- OJS (Open Journal System),
- OMP (Open Monograph System),
- OPS (Open preprint system)
- OCS (Open Conference System)
- Dspace, Eprint and other publishing platforms.
Established in 2016 our startup is one that deserves pride for Indonesia because it has helped many publishers and has received hundreds of clients from all over the world, by providing a dedicated and professional platform service, we are proud to be one of the professional startups in Indonesia. We will not give you disappointment because giving commitment and satisfaction is our obligation. To achieve this, we always act as a companion for each of our customers who have entrusted our products so that what we offer is always in line with their expectations. This is why every review from them is always given maximum results (5 stars).
The following is a review given by our customer from The United States via email :
One of our advantages in this company is that we have passionate young staff, which means we are eager to innovate and provide more quality service for our customers. In our company, the thing that always motivates us to develop and provide quality services for our customers is the enthusiasm that what we do has a positive impact on the dissemination of information that has an impact on society and the dissemination of knowledge for researchers and we play a role in that.
We understand that some people will hesitate to entrust your repository improvement process to us, but getting 100% satisfaction from our customers is not easy as it requires hard work, professional communication, and dedication from all of our staff. Our core principle is long-term and focused on service so that no customer will be disappointed with our service.
Trusted to serve a quality service for you will be an honor to us, ping us by sending us a message here.