India is important for global companies not just for growth

Indonesia’s tech ecosystem is booming. If you are familiar with Indonesia’s tech scene then you are also probably familiar with “GTT” — Go-Jek, Tokopedia, and Traveloka, the country’s three billion-dollar startups.

Couple of months ago, Willson Cuaca, managing partner at East Ventures — a prolific early-stage investor in Indonesia and the rest of Southeast Asia, at tech in Asia Jakarta 2017, stated “We talked to some startups — small and big ones. Many of them said ‘we’ve seen every single good engineer in Indonesia and now we’re done. We can’t find them anymore,’”

To fill the gap, the companies have resorted to offshoring tech work or scouting for talent overseas to bring to Indonesia. Go-Jek, for example, set up an engineering hub in Bangalore. https://www.techinasia.com/indonesia-wont-see-new-unicorns-investors

Moving forward we will see more and more global companies, just like Go-jek, expanding into India to set up engineering hubs, not just for market share, by growth I mean market share.