Less Than Half of Indonesia's Startups Say They Can Survive Crisis Until 2021

“A number of startups managed to raise costs for production and promotion, even raise their salaries. Others even continued hiring," he said. “A main factor on their survival lies in innovation.”

However, Katadata said that many startups still have much to do, especially in digital infrastructure and literacy.

The Covid-19 pandemic has hit iconic startups like GoJek and Grab hard, forcing them to lay off hundreds of employees. 

(Writers: Yohana Artha Uly, Kevin Rizky Pratama | Editors: Erlangga Djumena, Yudha Pratomo)

Sources:

https://money.kompas.com/read/2020/07/10/120300126/pandemi-covid-19-mampukah-startup-indonesia-bertahan?page=all#page3. 

https://tekno.kompas.com/read/2020/07/09/19310047/setengah-dari-startup-di-indonesia-diprediksi-tumbang-gara-gara-corona?page=all#page2.