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JFCC PANEL DISCUSSION ON THE OPPORTUNITIES AND CHALLENGES FOR UNICORNS

Wed, 29 Jan 2020

Dear members and friends,

With Indonesia’s digital economy forecast to grow to over $100 billion by 2025, a small cluster of startups are at the forefront of transforming Southeast Asia’s biggest economy.

These unicorns are now racing to remain innovative and stay ahead as competition grows to meet the increasingly fickle demands of Indonesia’s youthful, tech-savvy population.

While the growth of the unicorns has been nothing short of phenomenal, challenges also loom including how to get meet a skills shortage in a country that produces only 278 engineers per million people a year, according to one study.

Even with the backing of global tech giants, unicorns are also having to look at whether to adjust business models focused heavily on growth as investors become more wary of blue-sky valuations.

And while they have created thousands of jobs, there is always scrutiny over the pay and conditions for both permanent and contract staff.

Finally, simply by operating in Indonesia they face a Herculean logistical challenge serving customers across an archipelago that stretches more than 5,000 km from its western to eastern tips.

Come join us for what is certain to be a lively discussion with executives from leading unicorns who can give us a glimpse of where the digital economy is heading.

Speakers will include:

  1. Teddy Oetomo (Chief Strategy Officer at Bukalapak)
  2. Randall Aluwi (VP of Corporate Finance and Investments at Tokopedia)

The JFCC Executive Committee