Entering 2023, Here's the Valuation and Performance of J&T Express, Ruling the Logistics Market Throughout 2022

Type of business startup is the type of business that is most widely discussed by the global market. This is because in this digital age business startup does have popularity and also promising profit margins, plus the many business sectors that are members of the world startup this.

One business sector startup which is quite a lot of attention of investors is startup the logistics sector, which is the fourth most attractive business sector ladder in Southeast Asia, with a total of 8 startup engaged in the logistics sector. In addition, based on global data unicorn startup year 2022, startup Logistics ranks seventh in the sector startup based on its valuation.

In Indonesia itself there are several startup engaged in logistics. This is due to shopping habits online Indonesian society which has continued to increase since the COVID-19 pandemic, and continues to increase even today.

One of the most widely used and popular shipping expeditions is J&T Express, which is one of them startup of Indonesian origin who became startup logistics with the highest global valuation throughout 2022.

What is meant by valuation?

Before discussing J&T Express and its status as startup logistics with the highest global valuation value, we need to know in advance what is meant by the valuation value of a company or startup.

Valuation is the calculation of the value of the company, taking into account the quality of management, capital structure, total assets and expected profit. For large and small companies, valuation is very important, especially for companies that still need funding to develop. In short, this valuation is the overall value of a company that can be used to determine the selling price or investment value of a company.

To determine the valuation of a company, it is necessary to do a fairly long and complex analysis. The analysis must be carried out in detail, starting from the calculation of all assets, cash flows, as well as various data and other details. As previously mentioned, ratings can fluctuate up and down depending on the factors that influence them.

Valuation startup J&T logistics

Based on data unicorn startup in 2022, J&T ranks first startup with the highest valuation in the logistics sector. This is because the total valuation of J&T is at $ 20 billion. This figure is of course a very large number for the logistics sector, because usually high valuation figures are achieved by startup by sector fintech which is then followed by sector internet software & services and E-commerce.

With that $20 billion figure, J&T isn't just being startup with the highest global valuation in the logistics sector; it also became startup from Indonesia with the highest valuation of seven startup others in class unicorn. The difference in valuation values ​​is even very high in comparison startup second place below, namely Traveloka with a valuation of $ 3 billion. This is of course because J&T Express is currently the expedition with the largest shipping volume and is most widely used in Indonesia.

Sumber: Kaggle

With a valuation of $20 billion, of course J&T is included in this decacorn startups, because its valuation value is already over $10 billion. That means J&T has become decacorn startups second in Indonesia after Gojek or Gotos. In addition, based on reports from CNBC Indonesia, J&T has received funding of $4,7 billion or the equivalent of 68,15 trillion rupiah in four rounds of funding.

J&T is the largest and most popular shipping expedition

Throughout 2022, J&T Express has succeeded in being in the first rank of the most widely used expedition service in Indonesia. Sourced from DataIndonesia.id who conducted surveys in 20 provinces in Indonesia, the percentage of J&T Express users reached 42% of the total 100% and occupied ranking first of five other popular expeditions.

By leading the logistics market, of course J&T has a very large shipping volume. Based on data from Dataword, J&T Express is able to send as many as 2 million packages every day. This is because of the enthusiasm for shopping online the Indonesian community is quite large, and J&T is the expedition most chosen by the public.

Not without reason, J&T Express has been chosen because of its relatively fast delivery rate compared to other expeditions. Not only that, J&T has also been able to reach many areas in Indonesia, even to areas that are still remote. This is because the number of couriers, fleets, and also agents from J&T are widely spread throughout Indonesia, so it is natural for J&T to become startup with the highest valuation.

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This article was written by Suryaningsih, program alumni DNA #Cohort1 initiated by DailySocial.