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Essay · Asia GTM3 min read
Essay · asia gtm

Jakarta is not a second market.

Five assumptions Western founders make about Indonesia — and the month it takes to unlearn each one.

One.

"It's a second market, after Singapore." Indonesia is a consumer economy of more than 270 million people with its own regulatory architecture, its own payments stack, its own platform landscape, and its own youth culture. Singapore is about six million people who happen to speak your language. Treating Jakarta as the second stop on a "SEA expansion plan" is an easy way to burn a year or more without traction. Indonesia is the first market or the fifth. Almost never the second.

Two.

"Our Singapore playbook will translate." No playbook translates. Consumer acquisition in Indonesia leans heavily on WhatsApp, TikTok and Shopee. Payments flow through QRIS and a handful of e-wallets. In many categories, distribution runs through family-owned distributors who have been in business far longer than your fund has existed. Your "localisation sprint" is a rewrite.

Western founders arrive in Jakarta with a US playbook and a translator. Two months later they have a budget line labelled "localisation" and no customers.

Three.

"Our Singapore hire can run it remotely." Indonesia rewards presence. Distributor relationships, regulatory conversations, team hiring — all of it runs on face time in a city where traffic can eat hours of your day. A remote country manager, flying in monthly, will lose to a local competitor who is in the room every day. If the person running Indonesia for you isn't based in Indonesia, you don't have an Indonesia strategy. You have an org chart.

Four.

"Price is the same, just convert to IDR." Purchasing power, payment psychology, and acceptable unit economics are all different. Premium pricing works in Indonesia — but it has to be packaged, sequenced, and justified differently than the US version of the same product. Copy-pasting your US price list in rupiah is the fastest way to learn you never understood your pricing in the first place.

Five.

"We'll enter, then hire." Reverse the order. Hire a senior operator before you enter. Give them thirty days to map the competitive landscape, meet the top five distributors, and sit with your target user. Only then do you commit to an entry motion. Companies that enter first, then hire, tend to build an org chart around bad early decisions. Companies that hire first, then enter, usually get to market faster and with fewer wrong turns.

What actually works.

Indonesia is the largest economy in Southeast Asia by a distance, and likely to stay that way. It is not a check-the-box second market. It is a decade-long commitment that rewards teams who treat it with the seriousness the US market assumes by default.

Thinking about Jakarta?

Book an intro before the shortlist. We'll work out whether it's your first market, your fifth, or not yours at all.

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