The rating of J&T Express is twice as high as that of Gojek, RI now has 2 Dekacorns?

According to the Hurun Global Unicorn Index 2021, J&T Express outperforms Gojek Dekacorn or Start-up valued at over $ 10 billion or rupees 142 trillion.

The 2021 Hurun Global Unicorn Index finds that J&T Express is valued at $ 20 billion, or around Rs 285 trillion. The value is greater than Gojek’s $ 10.5 billion, or the equivalent of 150 trillion rupees.

J&T Express is also in 16th place unicorn the world’s largest according to the Hurun Global Unicorn Index 2021. TikTok parent ByteDance takes first place. Then Alibaba’s Ant Group and Elon Musk’s SpaceX.

J&T Express was also valued at $ 20 billion based on data from CB Insights, entitled “The Complete List of Unicorn Companies.” In fact, it was worth just $ 7.8 billion in mid-April.

That way, Indonesia has two Dekacorn namely Gojek and J&T Express.

Gojek then merged with unicorn Tokopedia and formed a new entity called GoTo. The valuation of GoTo is estimated at 40 billion US dollars or 571 trillion Rp.

Besides Tokopedia, Indonesia has seven unicorn others, namely Bukalapak, Traveloka, OVO, J&T Express, OnlinePajak, Magic and Xendit. The OnlinePajak name was on CB Insights’ list entitled “The Complete List of Unicorn Companies” but later disappeared.

There are also three Start-up Those who claim or purport to have a valuation of over $ 1 billion are Blibli, Tiket.com, and Kredivo. While Ruangguru supposedly almost to one unicorn.

Katadata.co.id confirm the evaluation data to J&T Express. “We apologize for the time being that we cannot provide any information on this news,” said Robin Lo, CEO of J&T Express, on Tuesday evening (December 21st) to Katadata.co.id.

He just said that the company is focused on increasing delivery. This logistics startup also estimates that transactions will double.

“So far, J&T Express has continued to show significant differences, especially at annual moments like Ramadan and the peak of Harbolnas, which is dominated by consignments from transactions. E-commerce,” he said.

J&T Express plans to increase regular shipments by maximizing new services over the next year.

April 5th, sources The information reported that J&T Express raised more than $ 2 billion in funding. The participating investors are PE China Hillhouse Capital, Boyu Capital and Sequoia Capital China.

J&T Express is a freight forwarding logistics company founded in 2015 by Jet Lee and Tony Chen. Its shareholders include the Formation Group, Sequoia Capital India and Warburg Pincus.

In October, the Minister of Communications and Information (Kominfo) Johnny G Plate hoped that Indonesia would have two Dekacorn. “Hopefully there will be two Dekacorns soon,” said Johnny at the OJK Virtual Innovation Day 2021, quoted from a press release two months ago (13/10).

Johnny said cooperation between the forces Start-up Indonesia is becoming increasingly visible through the merger of Gojek and Tokopedia. This should enable the national ecosystem of the digital economy to be strengthened through joint efforts.

Based on Hurun’s report, the overall rating is all unicorn US $ 3.7 trillion worldwide. The top 10, including Bytedance and Ant Group, contributed 25%.

Four of the top 10 come from the United States (USA). Then three from China. While Australia, England, and Sweden each have one.

unicorn is a term used for startup companies with a valuation of more than $ 1 billion. While the Dekacorn tops $ 10 billion.

Still, startups from the USA and China dominate the landscape. This is despite the fact that Chinese startups are increasingly being scrutinized by the USA and Beijing.

From 1.058 unicorn worldwide, 487 of them come from the USA and 301 from China. “Countries with unicorn most provide an overview of which countries have ecosystems Start-up the best in the world, “said Rupert Hoogewerf., director and director of private research at Hurun Report South china morning post (SCMP), Monday evening (December 20th).

USA and China dominate the scene unicorn worldwide with a share of 74%. India and England are third and fourth in the league Start-up World Jumbo, have 54 and 39. unicorn.

“Countries with more unicorn be seen as a more dynamic economy, ”said Hoogewerf.

The half of unicorn the world is busy Fintech, Software for alias service Software as a service (SaaS), E-commerce, artificial intelligence or artificial intelligence (AI), health and cybersecurity technology, metaverse or virtual world.

Ecosystem up is the power of large technology companies Spin-off unicorn, with 49 out of 50 unicorn ‘reason out‘The world comes from China,’ said Hoogewerf. He also gives an example ground out Ant Group from Alibaba in 2014.

“However, the ‘Big 4 Worlds’ of the most valuable companies in the Hurun Global 500, namely Microsoft, Apple, Amazon and Alphabet, are not as active as their Chinese counterparts when it comes to investing unicorn, “He said.