Indonesia, Y Combinator and Plater Startup Story
Back in the day, Indonesia startup ecosystem was not as wonderful as today. The stumbling Indonesia with it’s large potential lack of skillfull human resources and supporting laws, which created uncertain environment and bias ecosystem
It is getting better when President Joko Widodo promoting the 1000 startups Indonesia, a national movement to support the startup education and ecosystem, endorsed by the government. New laws and regulations to support the tech startups. Ministry for creative industry (BEKRAF) with it’s full-packed agenda. However, is it really getting better?
Indonesia has abundant local giant startups. Gojek, Qraved, Traveloka, Tiket.com, BukaLapak and many more. Looking from it’s potential, why there’s none of local startups succeed in penetrating international market? Is it because of the difference in culture? funding? exposure? different market?
We have Uber in Indonesia, but we don’t have Gojek in USA, why? we have Zomato (from India) in Indonesia, but why we don’t have Qraved in India, why? what’s missing? perhaps something’s wrong with our human resources or startup potential? or maybe they are actually growing and just waiting for the right time to grab the international market?
Looking at the robust and aggresive move from the international giants to enter the global and Indonesia market, a lot of investors are trying to expand their portofolio through multiple channels. Y Combinator with it’s phenomenal brand, portofolio and experiences are trying to reach the global market with the Startup School MOOC (Massive Open Online Course) to penetrate bigger market outside the US region.
The intensive 10 weeks program was designed to bring the best startups from all over the world to learn from an online platforms to experience the YC programs. They offer various benefits such as deals from Microsoft Bizpark, Google Cloud and many more as incentive for the startups
This bold movement is the first from YC, and it might be a sign for declining startup in US. Maybe it’s a signal for startups in another region to play the big market. Since they have to compete with startups from China and India anyway.
YC accepted around 2000 startups from 53 thousands applicants from all over the world. You could find various industry in this program such as AI, AR, B2B, Biotech, Marketplace, and many more in this startupschool program
Plater, a newly established startup from Indonesia, an online marketplace for F&B industries is one of the accepted startup in YC MOOC Startup School. It’s still on the early stage
In this modern era, there are people who still living in poverty, sleeping in hunger, and inequalities between the poor and the rich. Technology could reduce the gap. We believe food is for everyone, anytime, anywhere at any price.
Plater is an online platform which provide services for all F&B restaurant categories (pop-up to full services)
F&B industry puts a lot of potential, it keeps growing. Looking from Plater growth stage, it’s still need some time before it reach the mature stage. It’s far to enter the international market, however it’s possible with the help from YC and the renewed Indonesia regulation and startup ecosystem.
Is it the time for startup outside the US, China and India to go international? who knows.