Indonesia startups should build on home turf, say panellists

The Business Times

ARE Indonesian startups better off focusing domestically, or should they aim to go regional?

Indonesian startups and entrepreneurs are fortunate because the country is the single largest homogenous market in South-east Asia.

The challenge before these startups would be to “continuously communicate with the market about what their plans are, what they are doing and how they will go forward,” said Quest Ventures’ Mr Seah. “And I think they must have lots of experience after all these years pitching investors for that money, and then building the avenue to go IPO.”

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