JAKARTA -- When Indonesian logistics company SiCepat Ekspres declared itself a "soonicorn" -- a startup with a potential to be valued at $1 billion or more, making it a unicorn -- after closing a $170 million funding round in March, the announcement raised some eyebrows.
Although it had previously raised over $100 million in funding, the last-mile delivery company had hardly been seen as a contender to become the archipelago's next unicorn.
