Indonesia Among Top-10 Countries With Most Startups

According to data from Startupranking.com and reporting from Vietnam Plus, Indonesia ranks sixth among countries with the most startups.

Rudy Salahuddin, Deputy Minister of the Coordinating Ministry for Economic Affairs, told the 2023 Open Finance Summit in Jakarta on July 21 that as of 2023, Indonesia is home to more than 2,400-startups, adding the country has great prospects as a digital economy giant.

Data from Startupranking.com shows that the US is in the first place with 74,944-startups, followed by India with 15,405, then the UK with 6,833, Canada with 3,712  and Australia with 2,638.

Indonesia is the only member of the Association of Southeast Asian Nations (ASEAN) in the top 10 countries with the most startups, report Vietnam Plus.

The deputy minister also said that many Indonesian unicorns came from the e-commerce and financial technology (fintech) sectors.

According to the official, Indonesia last year also accounted for USD 77-billion, or around 40-percent of the digital transaction value in the whole of the ASEAN region. The number is forecast to jump by twofold to USD 130-billion in 2025.

Source: Vietnam Plus

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