Halodoc, which is working with over 20,000 doctors and more than 4,000 pharmacies in Indonesia, has seen a sixfold increase in usage during the pandemic.
Now a massive marketplace with 90 million monthly active users and 9 million merchants, Tokopedia’s rise maps the evolution to a critical driver of growth for the Indonesian economy.
Ajaib allows Indonesians to buy and sell stocks, ETFs, mutual funds, and other retail financial products, in a country that has one of the world’s lowest investment penetration rates.
Indonesia, like China, is a huge mobile first market and there is also a good supply of venture funding; we can see future business models shape up like how they did in China.
Indonesia’s trucking sector is profoundly fragmented: 75% have 20 trucks or less and a massive amount of the USD 38 billion annual trucking spend disappears into a labyrinth of middlemen.