Indonesian Startup Funding Value Drops 74 Percent in Odd Semester 2023
Compared to the same period the previous year (H1 2022). The high "cost of capital" is the main cause
Indonesia's startup investment climate in the odd semester (H1) 2023 shows a significant slowdown. Based on publicly recorded data DailySocial.id, there was a decrease of 74% compared to the same period last year (H1 2022).
In the odd semester of the year at least 73 startup funding publicly announced (34 transactions cited) valued at $707 million.
In comparison, in H1 2022, 149 funding transactions (99 transactions declared value) accounted for $2,69 billion. Meanwhile in H1 2021 there were 87 startup funding transactions (46 transactions announced value) which posted $1,3 billion.
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