Southeast Asia’s start-up scene is heating up.
This year alone, two of the region’s biggest names — on-demand platforms Grab and GoTo — announced their plans to go public in what investors see as a major milestone that could spawn further entrepreneurship.
And now is the perfect time for new entrepreneurs to get started, according to the co-founder and CEO of Indonesian ride-hailing giant Gojek — part of the newly-merged GoTo Group.
“I think we’re about to enter the golden age of technology companies in Indonesia and the rest of Southeast Asia,” Kevin Aluwi told CNBC Make It.
A lot has changed in the decade since Aluwi set out with two friends to disrupt Indonesia’s motorbike taxi market.
Valued at more than $18 billion following its merger with Tokopedia, the company is one of several billion-dollar unicorns to have emerged from the region, including Sea Group, Bukalapak and Carousell.
Yet, the vast opportunity Aluwi and his peers identified all those years ago still remains today, he said.