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Indonesia Internet Economy - 2020 Recap & 2021 Outlook

Optimism in the Midst of Pandemic Headwind

Key insights in 2020:


● Overall digital economy grew by 11%
(US$44Bn in 2020)
● E-commerce is the key driver (54% YoY
growth at US$32Bn in 2020)
● 37% of all digital service consumers were
new (slightly higher than the SEA average)

2021 Outlook:
● New frontiers: HealthTech, EdTech,
WealthTech
● Fintech, Logistics, SME Enablers will be the
“new backbone” for ID Internet economy
Source: Indonesia Impact Investment Report (2020), SEA E-
conomy by Google & Temasek (2020) ● Promising exit outlook: IDX IPO

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SEA Impact Fund Trends
ESG (Environmental, Social, Governance) is the “new sexy”

ESG is growing in SEA

Growth of % assets diligence that included


ESG DD has been increasing for 36% in the
last 5 years

“Responsible Investing” - investors’ and LPs’


pledge in demanding not only profit-driven
metrics, but also a more ethical, impact-driven
goals

*ESG = Environmental, Social, Governance; DD = Due Diligence


Source: Bain & Co SEA Private Equity Report 2021

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