In recent years, the presence of startups continues to grow. Reporting from Startup Ranking, there are around 88,736 startups in the world.
What is the difference between unicorn and decacorn?
Unicorn is a term for startups that have a valuation of more than 1 billion US dollars or Rp. 14 trillion. Meanwhile, Decacorn is a startup whose valuation is 10 times higher than Unicorns, more than 10 billion US dollars.
Data from CB Insights shows that in January 2019, there were 300 unicorn startups and 16 decacorn startups in the world. Furthermore, most of these startups are in the United States and China, there are only about eight in Southeast Asia.
Check out these unicorn and decacorn startups that already have big achievements:
The name might still sound familiar, but apparently the valuation of this Chinese application has reached 75 billion US dollars. Toutiao is a news application.
One of the things that makes this application so successful is its machine learning technology.
Moreover, this technology enables Toutiao to recognize the type of content that its loyal users are interested in, so that it can display news according to preference. This advantage makes it attractive to nearly 600 million users.
WeWork is able to see that workers need a comfortable and pleasant workplace. The company answers the needs of the community by providing modern and up-to-date coworking space services for entrepreneurs and startups.
Additionally, the company from the United States has started to spread to several countries. Now, WeWork has been found in 32 countries and has a valuation of 47 billion US dollars or Rp 672 trillion.
The Airbnb site has long been a mainstay of tourists who want to find a place to stay. Through the site and its applications, users can search and book lodging, ranging from apartments, villas, bed and breakfast, to one house.
You can find the services in almost all major cities in the world. At present, the valuation of the startup from San Francisco is 29.3 billion US dollars or equivalent to Rp 415 trillion.
Elon Musk found SpaceX in Hawthorne, California, United States, in 2002. The company is engaged in rocket manufacturing and space transportation. In addition, SpaceX has developed Falcon 1 and 9 rockets, as well as the Dragon spacecraft. Falcon rocket itself was created to be a reusable vehicle. With these various innovations, SpaceX has reached a valuation of 21.5 billion US dollars or Rp 314 trillion.
The only decacorn company originating from Southeast Asia is the Online-to-Offline (O2O) mobile platform Grab.
Since acquiring Uber in 2018, the company has not only become a provider of ordinary transportation services. Moreover, Grab as the leading Super App in Southeast Asia, offers daily solutions with transportation services, delivery of goods and food, mobile payments, and digital entertainment.
Furthermore, with an open platform philosophy, Grab brings together partners to make life better for all users in Southeast Asia. Then, with 130 million consumers, there are 336 cities including 222 cities in Indonesia, and more than 5,000 Grabbers, Grab’s own valuation reaches 11 billion US dollars or Rp 154 trillion.