#Indonesia's #StartUps are struggling to compete against their cash-rich foreign rivals, with the nation’s two largest unicorns #GoTo and #Bukalapak seeing their valuations slide substantially in 2024.

Key competitors such as Sea Limited’s #Shopee and #Grab have access to a wider pool of funding, regional reach and more aggressive tactics.

Indonesia’s home-grown tech start-ups struggle to compete on funding and innovation
https://www.straitstimes.com/asia/se-asia/indonesia-s-homegrown-tech-start-ups-struggle-to-compete-on-funding-and-innovation