When valuations eclipse innovation


This aerial view shows the Jakarta city skyline. (Photo by BAY ISMOYO / AFP)

Indonesia’s startup ecosystem has garnered extraordinary attention over the past decade, with billions of US dollars flowing into ventures across eCommerce, agritech, fintech and other technology-driven fields.

Enthusiasts hail this surge as proof of a new era of innovation, complete with the emergence of so-called unicorns.

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Indonesia , VC

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