Yasunori Naito’s Post

Why foreign startups fail in Indonesia ? In my 6.5 years working with startups, I have seen enough foreign-owned startups fail to execute the market entry due to high ambition but lack of groundwork Thinking Indonesia is an easy ride to crack and assuming pre-existing business strategy in the home country would work which are very speculative and risky approach for 4 main reasons, 1. Laws and Regulations: PMA/PMDN, employment, taxation and others. A strong foundation is needed before pushing for Sales KPI 2. Market behaviour: Indonesia is a sensitive market in pricing and brand trust. Its very obvious building brand awareness and networking around communities to touch early transactions to validate PMF must be considered as one of the first steps to do 3. Misunderstanding on the talent market 4. Cultural difference and business practice In short, playing safe, follow the local market, and keep the runway healthy will hold the business longer or even profitable #foreignstartups #fail #Indonesia

🇮🇩 Indonesia is one of Southeast Asia’s best countries for setting up a startup. With increased government support for #tech and #IT startups in recent years, and efforts made to attract investment, reduce the regulatory barriers for establishing a business, and tackle bureaucratic challenges, Indonesia has become a leader in #SoutheastAsia for tech investment. 👉 Here are 5 good reasons why you should look into expanding your business to Indonesia. 💡 Interested to learn more about doing business in Indonesia and Southeast Asia? There are a lot more reasons why Indonesia remains the top destination for businesses to expand into. Despite that, doing business in Indonesia is not all roses. Challenges still abound, and learning from those who have been there, done that would help potential entrants navigate the business environment with greater ease. 🚀 Pick the brains of our expert #mentors and connect with our vast network of partners and investors through the Southeast Asia Market Access program: https://lnkd.in/g3CDq-mh 👏 Big thank you to Hi Incubator and Indonesia Business Post for sharing the information on Indonesia! #StartupOpportunities #IndonesiaDigitalEconomy #globalexpansion

I am pleased to share the exciting news of our recent meeting with Andhika Nurwin Maulana Mohamad Doddy Kusadrianto in Jakarta, Indonesia. It was a fantastic gathering that marked the beginning of a promising partnership between Ingress Global Consulting LLP and Omnihub Consulting. We missed you Prasojo Prasojo . Pooja Mimrot Our joint mission is to facilitate and promote cross-border Foreign Direct Investment (FDI) and trade between #India and #Indonesia. We've identified key sectors where our partnership will make a significant impact: #ICT #digital, #pharma, #medicaldevices, #auto, #ev, #greenenergy, #textiles, #logistics, #electronicsmanufacturing #tourism #agrotech Our partnership will be driven by three major objectives: 1. FDI Promotion: We are committed to supporting various Indian corporate entities, startup founders, and entrepreneurs seeking expansion opportunities in Indonesia. We will assist in establishing their offices, R&D centers, sales offices, delivery centers, and production units. Additionally, we already have over 60 large Indian businesses successfully operating in Indonesia. 2. Startup Promotion: Our partnership will foster opportunities for Indonesian startups and small to medium-sized businesses to thrive within India's dynamic startup ecosystem. 3. Trade Promotion: We aim to create a platform for potential business partnerships through match-making and partner search programs, connecting companies from both regions. We are enthusiastic about the possibilities that lie ahead and look forward to a successful collaboration that will drive economic growth and innovation in both India 🇮🇳 and Indonesia. 🇮🇩 #navigatingnownextbeyond #businesscollaboration #indiabusiness #indonesiabusiness #indiaindonesiapartnership #fdi #trade #newbeginnings

While in #Jakarta, I was invited to Indonesia's Ministry of Industry or Kementerian Perindustrian Republik Indonesia, Centre for Industry Digitalization to provide opportunities for #Singapore undergraduates to learn from Indonesian startups and SMEs. Meet Ventures will work with Pak Alex and the Centre for Industry Digitalization to allow our undergraduates to work closely and learn from companies in Indonesia, Southeast Asia's largest economy. Employers love job applicants who have international exposure, especially in emerging markets like Indonesia. If you are a #singaporean undergraduate and keen to gain some work experience or job-related skills in Jakarta's Venture Capital, Startups, Digital Transformation & Innovation landscape in #Indonesia, PM me! #singapore #Indonesia #startups #venturecapital #digitaltransformation #innovation

AwanTunai's $25 milion series B is set to fuel Indonesia's digital economy. #AwanTunai, a pioneering #FinTech startup, has successfully clinched $27.5 million in Series B funding, surpassing its initial $25 million goal. This Jakarta-based innovator is making waves with its point-of-sale financing solutions designed to empower the nation's wholesalers and micro-merchants. The funding round saw significant contributions from global and impact-focused investors, including Norfund, MUFG Innovation Partners (MUIP), and OP Finnfund. This diverse investor lineup underscores the global confidence in AwanTunai's mission and its market potential.AwanTunai's core mission is to digitize the traditional cash transactions that dominate Indonesia's economy. By providing accessible financing and integrated inventory management solutions, AwanTunai is setting the stage for a digital revolution in local commerce. With the new influx of funds, AwanTunai aims to expand its lending capital facilities and support over $2 billion of annualized inventory purchase financing by year-end. This ambitious goal reflects the startup's commitment to scaling its impact and fostering economic growth. The company's efforts are pivotal in transitioning Indonesia’s economy from cash-based to digital, offering vast opportunities for local businesses to thrive in the digital age. This shift not only promotes financial inclusion but also opens up new avenues for economic development. With AwanTunai already achieving #EBITDA positivity and nearing profitability, the startup showcases a sustainable business model that’s attractive to investors. This financial health, coupled with ongoing investor interest, may lead to further expansion of the funding round, propelling AwanTunai towards greater achievements. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W   - Substack: https://lnkd.in/dzfGJzmW

A wealthtech startup Pluang, reportedly performed a layoff for a workforce based in Indonesia, Singapore, and India. As the company said in the official press release, the economic challenges remain globally and impact the financial market performance, particularly in the investment sector. The high inflation rate and purchasing power diminishment also influenced the market and caused a decline in investment product demand. By performing this restructuring effort, the company aims to provide sufficient space to anticipate economic challenges and uncertainties to retain sustainable future growth and company performance. Pluang’s management team has also conducted further evaluation and review of the company’s strategic objectives, including the company’s core business amplification, business priorities rearrangement, and operational cost optimization. Read more at https://bit.ly/3YIwIJf #news #LatestNews #layoff #startup #heaptalk #follow #likes #fundraising #investment

Who is the next Indonesia? That was the question Eddie Thai, General Partner at AVV, and a panel of VC's in Southeast Asia debated at the last Tech in Asia Conference in Jakarta. The startup scene across the region has grown considerably in recent years, and we are bullish on the prospects of Vietnam to create multi-billion-dollar outcomes in this decade. Here are some thoughts Eddie shared on why we believe that is the case, the sectors that are particularly interesting, and the outlook for Southeast Asia in the coming decades. #vietnam #vietnamtech #seatech #emergingmarkets #TechinAsia

The IT industry in Indonesia is experiencing phenomenal growth, and digital transformation is a critical driver propelling this surge. Businesses that embrace digital transformation can unlock a treasure trove of benefits, including enhanced efficiency, access to new customer segments, and a competitive edge. But what exactly is digital transformation, and how can IT businesses in Indonesia leverage it for success? . If you would like more information, please visit. ===================== IG: @dot.indonesia Facebook: @dotindonesia Web: http://dot.co.id Blog: blog.dot.co.id Linkedln : dot-indonesia ===================== . . #IT #digitaltransformation #startupIT #softwarehouse

If you had told me a year ago that I would one day be sharing the stage with Pak Tom Lembong, I would have thought you were mad! Pak Tom is Vice-Chairman of Nexticorn, former Indonesian Minister of Trade and Head of the Indonesian Investment Coordinating Board (now the Ministry of Investment). He is, quite simply, one of Indonesia's most prominent investors and policy thought-leaders. He is certainly one of the most astute thinkers I have had the pleasure of meeting in my time in Indonesia, and I have been a fan of his for many years (although I compete these days with his 570k Instagram followers!) Pak Tom and I will be speaking at a webinar this Thursday, together with founder, investor, and multi-hyphenate ecosystem builder Rama Mamuaya. What will we be discussing? 1. Has the Indonesian tech sector lost its lustre? Rising interest rates, escalating geopolitical tensions, lukewarm consumer sentiment, and a deteriorating global macroeconomic environment have caused VC funding levels in #Indonesia to fall by as much as 80% in 2023. Will the Indonesian tech sector ever recover from this, or is this the end of Indonesian tech as we know it? 2. After a long and protracted Winter, is Indonesia's #technology sector finally on the cusp of a funding Spring? #VentureCapital investors are sitting on record amounts of dry powder, which they need to deploy in the coming months. When will we start to see the first green shoots of investment? 3. What are VCs investing in? VC investment has fallen across the board, and #startups in fintech, e-commerce, travel, food & transport, and digital media all raised less money in 2023 than the year before. Are there any new sectors that are drawing investor interest? 4. How can startups prepare themselves for a fundraise? Winters are a time for consolidation, reflection, and renewal, and the best founders and businesses will emerge stronger than before. What can startups do to prime themselves for fundraising, when investors finally start to write cheques? Please register using the QR code in the image below or the link in the comments, and join us as we share news, views, and stories from the trenches this Thursday. Our discussion will be in English. Image and artwork by NXC Withersworldwide / Withers tech Asia

We are excited that one of our Founding Partners Jared Baragar will be discussing consumer startups in Indonesia with other thought leaders in Jakarta, Indonesia this Thursday, January 25! In this market, we are transitioning from prioritizing growth to profit, managing a high interest rate environment that might see easing soon, navigating a post-COVID world where offline consumer behavior is key, and defining what types of businesses and growth are VC-backable. We look forward to an insightful discussion with fellow panelists on the trends and opportunities for consumer startups and the venture ecosystem in general in Indonesia and Southeast Asia. #PrivateEquity #VentureCapital #Indonesia #Summit #Conference #venturedebt #startups