By Lu Shu © CompassList

By Lu Shu © CompassList

Investors expect Indonesian startups to regain their growth opportunities when the economy reopens with the Covid-19 vaccine rollout, even as some online living and working habits have stuck

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The Covid-19 pandemic dealt a heavy blow to Indonesian startups last year as the country, one of the worst hit in Southeast Asia, plunged into its first recession since 1999. Overall funding dropped, both in deal flows and transaction size, and most companies had to turn to belt-tightening and cuts, although some sectors – mainly edtech, e-commerce, healthtech and enterprise SaaS – benefited from the shift to online living and remote working.
VC investors polled by CompassList say Indonesia remains an attractive market in the longer term, citing its large, fast-growing and youthful middle c...

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