Online-to-offline (O2O) e-commerce business Kioson has become the first start-up tolist on the Indonesia Stock Exchange following a IDR45 billion ($3.4 million) IPO.
Venture capital investors increasingly view Southeast Asia as a single market asstart-ups focus their attentions on a handful of large cities whose young populationshave similar consumption habits.
Indonesia is sitting at the heart of an increasingly homogeneous Southeast Asiamarket in which start-ups can execute cross-border strategies by leveraging similarconsumer habits across major cities.
Venture capital has come to the fore in Indonesia, propelled forward by theattractions of a youthful population, rising disposable incomes and growth in smartphone adoption
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