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Top 85 Startups Founded in Indonesia

Hundreds of startups are found in Indonesia and here is a list with the 85 best ones.

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With what TechCrunch calls a “burgeoning startup economy” and the tacking of a handful of unicorns to its name, the startup landscape of Indonesia has been the subject of a similarly growing number of conversations. I had the privilege of talking to a number of players in the industry and compiled my conversations, knowledge, and research of Indonesia into one informative deep-dive into the ecosystem!

Where is Indonesia now?

Staying true to its roots as the largest and fastest-growing Internet economy in Southeast Asia, Indonesia’s internet economy is set to reach a massive US$40 billion this year, according to research done by Google, Bain and Company, and Temasek. This growth is propelled due to its young population. With a median age of 29 and 60% of the country being under 40, technology adoption in Indonesia is at an all-time high. This trend has created what Eddy Chan, Founding Partner at Intudo Ventures, likes to describe as the “leapfrog movement.” Running parallels with the US and China, who’ve taken decade-long routes towards normalizing digital payments, for example, the Indonesian population instantly took it up after cash. “Over time, the US went from cash to traveler’s checks to credit and debit cards … whereas Indonesia, although still preliminary, went straight from cash to mobile,” Chan says. 

This phenomenon of adoption has led to 95% of Indonesia’s current Internet users to consume their content on mobile. Whether it be video, music, social, or game-related content, consumers in Indonesia enjoy—and prefer relative to other platforms—the convenience mobile brings. Helmy Rianda, Founder and COO at DOOgether, a mobile app that allows users to book classes for anything in Jakarta from Zumba to pickup indoor soccer sessions, cites this as a large factor for DOOgether’s success, stating that “80% of users book sports classes because it’s [on] mobile.” This trend is also evident in the region-wide adoption of Shanghai Moontoon Technology’s Mobile Legends: Bang Bang, a popular mobile MOBA reminiscent of Riot Games’ League of Legends. Mobile Legends has clung to the top 1% of apps on the Indonesian iOS and Play Stores—fluctuating between positions over time, but remaining constant at #2 or #3 in terms of downloads and overall rank according to App Annie.

Internet users in Indonesia
Indonesia Internet economy
(graphics from Google, Bain and Company, and Temasek)


The convenience mobile brings in has made fintech extremely popular in Indonesia. Whether it be in the form of P2P solutions, POS, personal finance management, or lending services, Indonesia probably already has some version of it—last year, Fintech Singapore identified 167 fintech companies operating in Indonesia. However, it is to be noted that this figure probably does not account for “what was essentially predatory loan sharking under the guise of ‘banking the underbanked’,” Tommy Sullivan, the CTO of an Indonesian video-streaming platform, describes. Indonesia’s regulatory body on investments, the Otoritas Jasa Keungan (OJK), recently reported that they had found and took action on a total of 1,477 illegal fintech corporations as of October as part of their initiative to regulate businesses operating without licenses that would or already have “[caused harm] to the community.”

“Indonesian” Problems that Plague the Nation

Although disappointingly large, this number is not truly surprising, given Indonesia’s deeply-rooted problem with education. According to a report done by the World Education News + Reviews earlier this year, “the percentage of Indonesians over the age of 25 that had attained at least a bachelor’s degree in 2016 was just under 9 percent.” This accompanies an equally disappointing 36.3% tertiary gross enrollment ratio (GER). The lack of education and technological illiteracy in the older population of Indonesia makes it difficult to not be scammed with fraudulent apps/software. The aforementioned financial fraud induced “intimidation and sexual harassment during debt collections, as well as breaches of data privacy … resulting in swelling interest charges,” according to a 2018 piece done by the Nikkei Asian Review.

Education in Indonesia
(graphic from the World Education News + Reviews)


Another problem that plagues Indonesia currently is what Rianda calls the “access gap”—the accessibility of the Internet and other resources for rural areas outside of just Jakarta, Indonesia’s capital city. Karissa Prayogo, a current senior at Georgetown University and a recent Product Management Intern at the Angel Investment Network of Indonesia (ANGIN), describes this problem of “being stuck in the ivory tower of Jakarta” as one that is still rife within the community. “All the current capital, resources, and community is [being funneled] into South Jakarta,” Prayogo reminisced. In addition to a larger disparity between the technology center of Jakarta and its more rural outskirts, this leads to “founders in Semarang or Medan (two other Indonesian cities), for example, not having the same access to capital or role models and mentors,” essentially cutting out the people who would be the most inclined to solve the problem: the people experiencing them from day-to-day.


“Good problems” and role model startups

These problems can be mitigated by reigning back and truly solving what Sullivan calls “an Indonesian problem.” Addressed by almost everyone I had the privilege of talking to, startups that currently—and will continue to—succeed today in the Indonesian ecosystem touch back to problems that genuinely plague Indonesia. Sullivan explained that the ability to launch a company in Indonesia mainly “because it was a startup in the US” has led to large-scale pivots despite their abilities to “raise money quick [and snap] up tech talent at inflated salaries.” This is because problems in Indonesia are very geography-unique, often leading the founders of these companies to scramble to uncover problems instead of vice versa. What potential founders have to realize is that despite its rapid adoption for technology, solving a truly painful problem in Indonesia most often involves “very lightweight” opportunities that “solve the coordination/logistics issue,” Chan says. Things like “deep tech adoption” and “complicated products that would be hard to understand by the majority … for example, blockchain integration in banking,” are things that would find adoption difficult, adds Kartini Andri Wardhani, an Associate at Venturra Discovery.

Companies today solving this logistical problem for potential founders to look into include TaniHub, a company that helps connect small farmers to markets to sell their crops, and Kargo, a company seeking to rid the pen-and-paper-heavy planning that’s the norm in logistics. Another great startup that is one of the most used apps in Indoesia is Gojek, which provides transportation services and is becoming Indonesia's Super App. With missions to address the ‘middlemen’ plaguing the average labor worker in Indonesia, these companies directly contribute to the impactful development of Indonesia. Additionally, HaloDoc, a company that aggregates and connects patients with doctors, labs, and pharmacies and RuangGuru, a host for online video lectures, study notes, and quizzes both serve needs that plague Indonesia as a whole—access to medicine and education. Additionally, as the push for health and fitness also becomes more normalized, companies like Burgreens (plant-based eats), Lemonilo (a healthy alternative to Indomie—Indonesian instant noodles that play a large role in food and pop culture), and RIDE (music-fueled group cycling) are carving out spaces for themselves to blossom. There is also something to be said about companies that do the above as well as tie back to being unapologetically local. Kopi Kenangan is a good example of one—not only do they bridge the gap between street vendor and cafe coffee, their most popular drink is ‘Es Kopi Kenangan Mantan,’ a cup of coffee that, in slang, should taste like the memories of your ex—a popular topic in Indonesian humor.

How to move towards a better future

What I believe discourages founders as well as investors from encouraging this more is the idea of far-future returns. The idea of success coming from solving a huge Indonesian problem is not novel, but the acceptance of not getting returns in the immediate nor short-term future seems to be. “Motivating individuals to make sacrifices for returns that are delayed much longer than the lifespans of their own children [is] very difficult.”

However, as more SEA turtles ‘come home’ to Indonesia from their times abroad and Indonesia’s tech unicorns poise for momentous IPOs, producing ‘ex-company’ founders, I believe the near future looks bright for product-Indonesia fit. The success of companies like Gojek and Tokopedia make blatant this notion of trimming the logistics fat Indonesian is rife with (prior to Gojek’s rides-on-demand, one would have to call a taxi operator’s landline to specify, in words, their precise location and type of taxi they’d need), acting as good role models for future Indonesian founders to look up to. Doubling-down on this mantra of solving painful, Indonesian problems is what will continue the momentum Indonesia’s technology scene has kickstarted and “leapfrog” growth as it catches up to global counterparts.

85 Startups in Indonesia

1) Tokopedia

1) Tokopedia

Tokopedia is an Indonesian technology firm whose aim is to use technology to democratize trade.

Details of the startup:

  • City: Jakarta
  • Started in: 2009
  • Founders: Herman Widjaja, Leontinus Alpha Edison, Melissa Siska Juminto, William Tanuwijaya
  • Industries: E-Commerce, Internet, Marketplace, Shopping
  • Number of employees: 5001-10000
  • Funding amount: $2,797,700,000
  • Number of funding rounds: 11
  • Number of investors: 11

You can find their website here.

2) Bukalapak

2) Bukalapak

Bukalapak is an e-commerce shopping platform that sells a broad variety of consumer goods.

Details of the startup:

  • City: Jakarta
  • Started in: 2011
  • Founders: Achmad Zaky, Fajrin Rasyid, Nugroho Herucahyono
  • Industries: E-Commerce, E-Commerce Platforms, Internet, Online Portals
  • Number of employees: 1001-5000
  • Funding amount: $784,000,000
  • Number of funding rounds: 12
  • Number of investors: 17

You can find their website here.

3) TaniHub

3) TaniHub

TaniHub is a business-to-business network that connects farmers with companies that utilize or sell agricultural goods.

Details of the startup:

  • City: Jakarta
  • Started in: 2015
  • Founders: Edwin Setiawan, Ivan Arie Sustiawan, Michael Jovan Sugianto, Miftahul Choiri, Oki Setiawa, Pamitra Wineka, Wahyu Setyo Nugroho, Wawan B. Setyawan, William Setiawan
  • Industries: Agriculture, B2B, E-Commerce, Farming, Marketplace
  • Number of employees: 501-1000
  • Funding amount: $94,500,000
  • Number of funding rounds: 5
  • Number of investors: 12

You can find their website here.

4) BukuKas

4) BukuKas

BukuKas is a digital ledger tool that helps micro and small enterprises manage their financial flow.

Details of the startup:

  • City: Jakarta
  • Started in: 2019
  • Founders: Krishnan Menon, Lorenzo Peracchione
  • Industries: Apps, Financial Services, FinTech, Internet
  • Number of employees: 11-50
  • Funding amount: $69,000,000
  • Number of funding rounds: 4
  • Number of investors: 17

You can find their website here.

5) Traveloka

5) Traveloka

Traveloka is a web-based travel aggregator that assists clients in selecting and booking their next vacation destination.

Details of the startup:

  • City: Jakarta
  • Started in: 2012
  • Founders: Albert Albert, Derianto Kusuma, Ferry Unardi
  • Industries: Big Data, In-Flight Entertainment, Search Engine, Travel
  • Number of employees: 1001-5000
  • Funding amount: $1,170,000,000
  • Number of funding rounds: 6
  • Number of investors: 9

You can find their website here.

6) Amartha

6) Amartha

Amartha is a financial technology firm that links investors with micro and small business partners.

Details of the startup:

  • City: Jakarta
  • Started in: 2010
  • Founders: Andi Taufan Garuda Putra
  • Industries: Financial Services, FinTech
  • Number of employees: 251-500
  • Funding amount: $63,500,000
  • Number of funding rounds: 6
  • Number of investors: 13

You can find their website here.

7) Gojek

7) Gojek

Gojek is a mobile application that offers a wide range of services, including payments, food delivery, transportation, and logistics.

Details of the startup:

  • City: Jakarta
  • Started in: 2010
  • Founders: Kevin Aluwi, Michaelangelo Moran, Nadiem Makarim
  • Industries: Consumer Applications, Food Delivery, Logistics, Payments, Transportation
  • Number of employees: 5001-10000
  • Funding amount: $5,293,000,000
  • Number of funding rounds: 12
  • Number of investors: 34

You can find their website here.

8) Mekari

8) Mekari

Mekari is a software-as-a-service (SaaS) firm located in Indonesia. Talenta, Sleekr, Jurnal, and KlikPajak are some of the products available.

Details of the startup:

  • City: Jakarta Pusat
  • Started in: 2015
  • Founders: Anthony Kosasih, Daniel Witono, Dirman Suharno, Joshua Kevin, Suwandi Soh
  • Industries: Accounting, Human Resources, Internet, SaaS, Software
  • Number of employees: 251-500
  • Funding amount: $18,000,000
  • Number of funding rounds: 4
  • Number of investors: 7

You can find their website here.

9) FinAccel

9) FinAccel

FinAccel is a platform for credit risk and consumer financing.

Details of the startup:

  • City: Jakarta
  • Started in: 2015
  • Founders: Akshay Garg, Alie Tan, Umang Rustagi
  • Industries: Consumer Lending, Finance, Financial Services
  • Number of employees: 11-50
  • Funding amount: $120,000,000
  • Number of funding rounds: 5
  • Number of investors: 21

You can find their website here.

10) Alodokter

10) Alodokter

Alodokter is a digital health platform that offers patients a complete digital solution, combining telemedicine, physicians, and other services.

Details of the startup:

  • City: Jakarta
  • Started in: 2014
  • Founders: Nathanael Faibis, Suci Arumsari
  • Industries: Health Care, Internet, Medical, Wellness
  • Number of employees: 501-1000
  • Funding amount: $45,100,000
  • Number of funding rounds: 6
  • Number of investors: 12

You can find their website here.

11) Ula

11) Ula

Ula is a wholesale e-commerce site that helps small company owners get working cash and inventory.

Details of the startup:

  • City: Jakarta
  • Started in: 2019
  • Founders: Alan Wong, Derry Sakti, Nipun Mehra, Riky Tenggara
  • Industries: Apps, B2B, E-Commerce, Marketplace
  • Number of employees: 11-50
  • Funding amount: $30,500,000
  • Number of funding rounds: 3
  • Number of investors: 15

You can find their website here.

12) Ruangguru

12) Ruangguru

Ruangguru is a technology company that specializes on educational services.

Details of the startup:

  • City: Jakarta
  • Started in: 2014
  • Founders: Adamas Belva Syah Devara, Iman Usman, Muhamad Iman Usman
  • Industries: EdTech, Education, Training
  • Number of employees: 101-250
  • Funding amount: $205,050,000
  • Number of funding rounds: 10
  • Number of investors: 10

You can find their website here.

13) Shipper

13) Shipper

Shipper is a logistics platform that makes it simple for freight forwarders to deliver their goods.

Details of the startup:

  • City: Jakarta
  • Started in: 2017
  • Founders: Budi Handoko, Nalendra Perkasa, Phil Opamuratawongse
  • Industries: Delivery, E-Commerce, Internet, Logistics
  • Number of employees: 501-1000
  • Funding amount: $88,150,000
  • Number of funding rounds: 4
  • Number of investors: 9

You can find their website here.

14) Xendit

14) Xendit

Xendit is a fintech firm that offers end-to-end digital payment solutions to small businesses and e-commerce startups as well as large corporations.

Details of the startup:

  • City: Jakarta
  • Started in: 2014
  • Founders: Bo Chen, Juan Gonzalez, Moses Lo, Tessa Wijaya
  • Industries: Banking, Finance, Financial Services, FinTech, Payments
  • Number of employees: 251-500
  • Funding amount: $64,720,000
  • Number of funding rounds: 4
  • Number of investors: 6

You can find their website here.

15) PAYFAZZ

15) PAYFAZZ

PAYFAZZ is a financial platform run by an organization that enables digital transactions and payments.

Details of the startup:

  • City: Jakarta
  • Started in: 2016
  • Founders: Hendra Kwik, Jefriyanto Guang, Ricky Winata
  • Industries: Banking, Financial Services, FinTech, Mobile, Payments
  • Number of employees: 251-500
  • Funding amount: $74,120,000
  • Number of funding rounds: 4
  • Number of investors: 12

You can find their website here.

16) Akulaku

16) Akulaku

By providing a complete and reliable financial ecosystem, Akulaku wants to improve the quality of life for partners and consumers.

Details of the startup:

  • City: Jakarta
  • Started in: 2014
  • Founders: William LI
  • Industries: Banking, E-Commerce, Finance, Financial Services, FinTech, Insurance, Marketplace, Wealth Management
  • Number of employees: 1001-5000
  • Funding amount: $218,000,000
  • Number of funding rounds: 8
  • Number of investors: 13

You can find their website here.

17) Ajaib

17) Ajaib

Ajaib is a stock, ETF, and mutual fund trading platform that allows Indonesians to buy and sell stocks, ETFs, and mutual funds.

Details of the startup:

  • City: Jakarta
  • Started in: 2018
  • Founders: Anderson Sumarli, Yada Piyajomkwan
  • Industries: Finance, Financial Services, FinTech, Trading Platform
  • Number of employees: 101-250
  • Funding amount: $92,100,000
  • Number of funding rounds: 4
  • Number of investors: 11

You can find their website here.

18) Bibit.id

18) Bibit.id

Bibit.id is a Robo-Investing program that was created to help people make sensible mutual fund investments.

Details of the startup:

  • City: Jakarta
  • Started in: 2016
  • Founders: Johny Susanto, Sigit Kouwagam, Wellson Lo
  • Industries: Financial Services, FinTech, Information Technology, Internet of Things
  • Number of employees: 101-250
  • Funding amount: $95,000,000
  • Number of funding rounds: 2
  • Number of investors: 8

You can find their website here.

19) SIRCLO

19) SIRCLO

SIRCLO is a website development platform that may be used to establish a comprehensive e-Commerce solution that can help with online sales.

Details of the startup:

  • City: Jakarta Pusat
  • Started in: 2013
  • Founders: Andreas Thamrin, Brian Marshal, Leontius Adhika Pradhana
  • Industries: E-Commerce, E-Commerce Platforms, SaaS, Sales, Software
  • Number of employees: 501-1000
  • Funding amount: $56,050,000
  • Number of funding rounds: 4
  • Number of investors: 6

You can find their website here.

20) LinkAja

20) LinkAja

LinkAja is an electronic-based solution that adds excitement to your financial transactions.

Details of the startup:

  • City: Jakarta
  • Started in: 2019
  • Industries: Financial Services, FinTech, Mobile Payments
  • Number of employees: 101-250
  • Funding amount: $100,000,000
  • Number of funding rounds: 3
  • Number of investors: 5

You can find their website here.

21) J&T Express

21) J&T Express

J&T Express is an e-commerce freight service provider that helps e-commerce businesses develop.

Details of the startup:

  • City: Jakarta
  • Started in: 2015
  • Founders: Jet Lee, Tony Chen
  • Industries: Courier Service, E-Commerce, Freight Service
  • Number of employees: 1001-5000
  • Funding amount: $2,200,000,000
  • Number of funding rounds: 3
  • Number of investors: 3

You can find their website here.

22) KoinWorks

22) KoinWorks

Koinworks is a super financial app in Indonesia that offers both investment and liability goods on a same platform.

Details of the startup:

  • City: Jakarta
  • Started in: 2015
  • Founders: Benedicto Haryono, Willy Arifin
  • Industries: Consumer Lending, Financial Services, FinTech, Lending, Peer to Peer
  • Number of employees: 251-500
  • Funding amount: $72,070,043
  • Number of funding rounds: 6
  • Number of investors: 9

You can find their website here.

23) Sicepat Express

23) Sicepat Express

Last-mile delivery, warehousing and fulfillment, and middle-mile logistics are all services offered by Sicepat Express.

Details of the startup:

  • City: Jakarta Pusat
  • Started in: 2004
  • Founders: Rudy Swigo, The Kim Hai
  • Industries: Courier Service, Delivery, E-Commerce
  • Number of employees: 10001+
  • Funding amount: $273,500,000
  • Number of funding rounds: 5
  • Number of investors: 9

You can find their website here.

24) PasarPolis

24) PasarPolis

PasarPolis is an insurtech business that provides individuals with an online insurance comparison tool.

Details of the startup:

  • City: Jakarta
  • Started in: 2015
  • Founders: Cleosent Randing
  • Industries: Financial Services, FinTech, Insurance, InsurTech
  • Number of employees: 51-100
  • Funding amount: $59,000,000
  • Number of funding rounds: 6
  • Number of investors: 11

You can find their website here.

25) BukuWarung

25) BukuWarung

BukuWarung is an Indonesian business that specializes in bookkeeping, digital payments, and e-commerce solutions for MSMEs.

Details of the startup:

  • City: Jakarta
  • Started in: 2019
  • Founders: Abhinay Peddisetty, Chinmay Chauhan
  • Industries: Accounting, Credit, FinTech, Small and Medium Businesses
  • Number of employees: 101-250
  • Funding amount: $80,000,000
  • Number of funding rounds: 5
  • Number of investors: 30

You can find their website here.

26) Pt Pintu

26) Pt Pintu

Pintu is an app that makes it simple to purchase, sell, and invest in bitcoin and other digital assets.

Details of the startup:

  • City: Jakarta
  • Founders: Jeth Soetoyo
  • Industries: Financial Services
  • Number of employees: 1-10
  • Funding amount: $6,000,000
  • Number of funding rounds: 1
  • Number of investors: 10

You can find their website here.

27) Kredivo

27) Kredivo

Kredivo offers an online credit card with flexible payment options and 30-day or month-long installments.

Details of the startup:

  • City: Jakatra
  • Started in: 2016
  • Founders: Akshay Garg
  • Industries: Credit Cards, Financial Services, FinTech, Lending, Payments
  • Number of employees: 1-10
  • Funding amount: $110,000,000
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

28) Moka

28) Moka

Moka is an Indonesian fintech company that specializes in developing mobile point-of-sale (mPOS) systems for small and medium-sized enterprises.

Details of the startup:

  • City: Jakarta
  • Started in: 2014
  • Founders: Grady Laksmono, Haryanto Tanjo
  • Industries: FinTech, Mobile Payments, Point of Sale, Small and Medium Businesses
  • Number of employees: 251-500
  • Funding amount: $27,900,000
  • Number of funding rounds: 6
  • Number of investors: 10

You can find their website here.

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29) Kargo Technologies

29) Kargo Technologies

Kargo Technologies connects shippers and drivers with a full-stack logistics platform.

Details of the startup:

  • City: Jakarta
  • Started in: 2018
  • Founders: Tiger Fang, Yodi Aditya
  • Industries: Apps, E-Commerce Platforms, Freight Service, Logistics, Marketplace, Software, Transportation
  • Number of employees: 101-250
  • Funding amount: $38,600,000
  • Number of funding rounds: 3
  • Number of investors: 17

You can find their website here.

30) Sayurbox

30) Sayurbox

Sayurbox is a web-based platform that provides healthful vegetables and fruits.

Details of the startup:

  • City: Jakarta
  • Started in: 2016
  • Founders: Rama Notowidigdo
  • Industries: Agriculture, E-Commerce, Farming, Logistics, Marketing
  • Number of employees: 11-50
  • Funding amount: $5,000,000
  • Number of funding rounds: 3
  • Number of investors: 3

You can find their website here.

31) CoLearn

31) CoLearn

CoLearn is an EdTech platform that enables tuition centers and instructors to provide their students with online learning experiences.

Details of the startup:

  • City: Jakarta
  • Started in: 2018
  • Founders: Abhay Saboo, Marc Irawan, Sandeep Devaram
  • Industries: EdTech, Education, Information Technology
  • Number of employees: 101-250
  • Funding amount: $10,000,000
  • Number of funding rounds: 3
  • Number of investors: 11

You can find their website here.

32) Zenius Education

32) Zenius Education

For K12 students all around Indonesia, Zenius delivers complete self-learning tools.

Details of the startup:

  • City: Jakarta
  • Started in: 2007
  • Founders: Sabda PS
  • Industries: Education
  • Number of employees: 101-250
  • Funding amount: $20,000,000
  • Number of funding rounds: 3
  • Number of investors: 6

You can find their website here.

33) Hangry

33) Hangry

Hangry is a multi-brand restaurant firm that specializes in providing delicious cuisine via food delivery services.

Details of the startup:

  • City: Jakarta
  • Started in: 2056
  • Founders: Abraham Viktor, Andreas Resha, Robin Tan
  • Industries: Food and Beverage, Restaurants
  • Number of employees: 11-50
  • Funding amount: $15,000,000
  • Number of funding rounds: 2
  • Number of investors: 5

You can find their website here.

34) Warung Pintar

34) Warung Pintar

Warung Pintar is a firm that specializes in micro-retail technologies.

Details of the startup:

  • City: Jakarta
  • Started in: 2017
  • Founders: Agung Bezharie, Harya Putra, Sofian Hadiwijaya
  • Industries: Analytics, Commercial, Communities, Information Technology, Retail, Retail Technology, Security, Software
  • Number of employees: 251-500
  • Funding amount: $35,500,000
  • Number of funding rounds: 3
  • Number of investors: 13

You can find their website here.

35) eFishery

35) eFishery

eFishery is an agtech firm that provides a fish and shrimp farming integrated feeding system.

Details of the startup:

  • City: Bandung
  • Started in: 2013
  • Founders: Chrisna Aditya, Gibran El Farizy, Muhammad Ihsan Akhirulsyah
  • Industries: Agriculture, Aquaculture, Farming, Internet of Things, Nutrition
  • Number of employees: 251-500
  • Funding amount: $20,216,007
  • Number of funding rounds: 7
  • Number of investors: 14

You can find their website here.

36) Fabelio

36) Fabelio

Fabelio is an online furniture retailer based in Indonesia that collaborates with local designers to create one-of-a-kind furniture and home decor.

Details of the startup:

  • City: Jakarta
  • Started in: 2015
  • Founders: Christian Sutardi, Krishnan Menon, Marshall Tegar Utoyo, Sista Srinivas
  • Industries: E-Commerce, Furniture, Home Decor, Manufacturing
  • Number of employees: 101-250
  • Funding amount: $19,000,000
  • Number of funding rounds: 5
  • Number of investors: 10

You can find their website here.

37) Stockbit

37) Stockbit

Stockbit is an Indonesian investment community website where traders and investors may exchange information and ideas.

Details of the startup:

  • City: Jakarta
  • Started in: 2012
  • Founders: Johny Susanto, Wellson Lo
  • Industries: Finance, Financial Services, Internet
  • Number of employees: 1-10
  • Funding amount: $49,000,000
  • Number of funding rounds: 6
  • Number of investors: 11

You can find their website here.

38) prixa.ai

38) prixa.ai

Prixa.ai is a platform that connects individuals with healthcare providers and payors. Humanizing the healthcare system.

Details of the startup:

  • City: Jakarta
  • Started in: 2019
  • Founders: James Roring
  • Industries: Health Care
  • Number of employees: 11-50
  • Funding amount: $3,000,000
  • Number of funding rounds: 1
  • Number of investors: 3

You can find their website here.

39) Investree

39) Investree

Investree is an Indonesian B2B SME Marketplace Lending platform.

Details of the startup:

  • City: Jakarta
  • Started in: 2015
  • Founders: Adrian Asharyanto Gunadi, Amir Amiruddin, Kok Chuan Lim
  • Industries: B2B, Financial Services, FinTech, Lending, Marketplace, Peer to Peer
  • Number of employees: 101-250
  • Funding amount: $24,000,000
  • Number of funding rounds: 5
  • Number of investors: 9

You can find their website here.

40) Deliveree Logistics

40) Deliveree Logistics

The top road cargo logistics platform in Southeast Asia for booking FTL and LTL cargo transport. Indonesia, the Philippines, and Thailand are among the countries where the company operates.

Details of the startup:

  • City: Jakarta
  • Started in: 2015
  • Founders: Quan Nguyen, Tom Kim
  • Industries: Delivery, Fleet Management, Logistics, Shipping
  • Number of employees: 251-500
  • Funding amount: $38,800,000
  • Number of funding rounds: 5
  • Number of investors: 7

You can find their website here.

41) Pluang

41) Pluang

Pluang is a financial technology platform that provides easy and affordable access to financial products to the general public.

Details of the startup:

  • City: Jakarta
  • Started in: 2016
  • Founders: Claudia Kolonas, Iwan Tjam
  • Industries: Financial Services, FinTech
  • Number of employees: 51-100
  • Funding amount: $23,000,000
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

42) Intrepid Group Asia

42) Intrepid Group Asia

Intrepid Group Asia prioritizes assisting brand partners and providers in maximizing e-commerce opportunities.

Details of the startup:

  • City: Jakarta
  • Started in: 2017
  • Founders: Sean Lawlor
  • Industries: Business Development, Business Intelligence, Developer APIs
  • Number of employees: 101-250
  • Funding amount: $11,000,000
  • Number of funding rounds: 4
  • Number of investors: 6

You can find their website here.

43) ALAMI

43) ALAMI

ALAMI is a sharia-compliant peer-to-peer (P2P) lending network that assists people in financing their small enterprises.

Details of the startup:

  • City: Jakarta
  • Started in: 2017
  • Founders: Dima Djani
  • Industries: Financial Services, FinTech, Peer to Peer
  • Number of employees: 1-10
  • Funding amount: $20,000,000
  • Number of funding rounds: 5
  • Number of investors: 7

You can find their website here.

44) Ralali

44) Ralali

Ralali is a local trade B2B platform that connects merchants and buyers.

Details of the startup:

  • City: Tangerang
  • Started in: 2013
  • Founders: Joseph Aditya
  • Industries: E-Commerce, Marketplace, Retail, Shopping
  • Number of employees: 101-250
  • Funding amount: $22,500,000
  • Number of funding rounds: 4
  • Number of investors: 10

You can find their website here.

45) Eden Farm Indonesia

45) Eden Farm Indonesia

Eden Farm is an agricultural supply chain company based in Indonesia.

Details of the startup:

  • City: Jakarta
  • Started in: 2017
  • Founders: David Setyadi Gunawan
  • Industries: Agriculture, AgTech, Farming
  • Number of employees: 11-50
  • Funding amount: $1,744,711
  • Number of funding rounds: 4
  • Number of investors: 8

You can find their website here.

46) GudangAda

46) GudangAda

GudangAda is a fast-moving consumer goods online B2B marketplace (FMCG).

Details of the startup:

  • City: Jakarta
  • Started in: 2018
  • Founders: Steven Sang
  • Industries: B2B, E-Commerce, Internet, Logistics, Marketplace, Supply Chain Management
  • Number of employees: 251-500
  • Funding amount: $35,900,000
  • Number of funding rounds: 2
  • Number of investors: 4

You can find their website here.

47) Yummy Corp

47) Yummy Corp

Yummy Corp is an online catering and cloud kitchen management firm with a network of delivery-only kitchens.

Details of the startup:

  • City: Tangerang
  • Started in: 2019
  • Founders: Edward Kumar, Juan Chene, Marbio Suntanu, Mario Suntanu, Marius Suntanu
  • Industries: Catering, Food and Beverage, Food Delivery, Food Processing
  • Number of employees: 501-1000
  • Funding amount: $19,750,000
  • Number of funding rounds: 2
  • Number of investors: 13

You can find their website here.

48) GajiGesa

48) GajiGesa

GajiGesa is a financial wellness platform that assists Indonesians in achieving financial security and dignity via their employment.

Details of the startup:

  • City: Jakarta
  • Started in: 2020
  • Founders: Martyna Malinowska, Vidit Agrawal
  • Industries: Employee Benefits, Finance, Financial Services, FinTech, Personal Finance
  • Number of employees: 11-50
  • Funding amount: $2,500,000
  • Number of funding rounds: 2
  • Number of investors: 7

You can find their website here.

49) Pintek

49) Pintek

Pintek is a financial technology business that aims to democratize school access in Indonesia by providing low-cost, flexible borrowing.

Details of the startup:

  • City: Jakarta Pusat
  • Started in: 2018
  • Founders: Ioann Fainsilber, Tommy Yuwono
  • Industries: Education, Financial Services, FinTech
  • Number of employees: 11-50
  • Funding amount: $21,257,716
  • Number of funding rounds: 5
  • Number of investors: 4

You can find their website here.

50) Paxel.co

50) Paxel.co

Paxel.co is a way of life; they aim to live in today's socially linked world.

Details of the startup:

  • City: Jakarta
  • Started in: 2017
  • Founders: Johari Zein
  • Industries: Lifestyle, Logistics, Supply Chain Management
  • Number of employees: 51-100
  • Funding amount: $17,000,000
  • Number of funding rounds: 3
  • Number of investors: 6

You can find their website here.

51) Evermos

51) Evermos

Evermos is a social commerce firm that sells common Muslim products by connecting resellers to brands and consumers through a website.

Details of the startup:

  • City: Bandung
  • Started in: 2018
  • Founders: Ananda Prawira, Iqbal Muslimin, Jauhari Khairul Kawistara
  • Industries: Consumer Goods, E-Commerce, Social Shopping, Trading Platform
  • Number of employees: 101-250
  • Funding amount: $8,250,000
  • Number of funding rounds: 1
  • Number of investors: 3

You can find their website here.

52) Ritase

52) Ritase

Trucking logistics digital platform with SaaS and marketplace

Details of the startup:

  • City: Jakarta
  • Started in: 2017
  • Founders: David Samuel, Iman Kusnadi
  • Industries: Logistics, Marketplace, SaaS, Supply Chain Management, Transportation
  • Number of employees: 101-250
  • Funding amount: $13,125,000
  • Number of funding rounds: 3
  • Number of investors: 9

You can find their website here.

53) AwanTunai

53) AwanTunai

With online inventory ordering and digital payments, AwanTunai is digitizing the traditional FMCG supply chain for micro SME retailers.

Details of the startup:

  • City: Jakarta
  • Started in: 2017
  • Founders: Dino Setiawan, Rama Notowidigdo, Windy Natriavi
  • Industries: Financial Services, FinTech, Payments, Peer to Peer
  • Number of employees: 51-100
  • Funding amount: $24,300,000
  • Number of funding rounds: 2
  • Number of investors: 5

You can find their website here.

54) Sampingan

54) Sampingan

Sampingan is an Indonesian startup that links businesses with freelancers for task-based projects that are simple to complete.

Details of the startup:

  • City: Jakarta
  • Started in: 2018
  • Founders: Dimas Pramudya Putra, Margana Mohamad, Wisnu Nugrahadi
  • Industries: Freelance, Human Resources, Information Technology
  • Number of employees: 51-100
  • Funding amount: $7,100,000
  • Number of funding rounds: 4
  • Number of investors: 4

You can find their website here.

55) Populix

55) Populix

A consumer insights platform that links organizations with high-quality respondents that are easily accessible.

Details of the startup:

  • City: Jakarta
  • Started in: 2018
  • Founders: Dr Timothy Astandu, Eileen Kamtawijoyo, Jonathan Benhi
  • Industries: Big Data, Database, Enterprise Software, Market Research, SaaS
  • Number of employees: 11-50
  • Funding amount: $2,200,000
  • Number of funding rounds: 4
  • Number of investors: 4

You can find their website here.

56) JULO

56) JULO

Provides unsecured personal loans at reasonable rates.

Details of the startup:

  • City: Jakarta
  • Started in: 2014
  • Founders: Adrianus Hitijahubessy, Hans Sebastian, Victor Darmadi
  • Industries: Consumer Lending, Finance, Financial Services, Lending
  • Number of employees: 11-50
  • Funding amount: $15,000,000
  • Number of funding rounds: 3
  • Number of investors: 8

You can find their website here.

57) Eureka

57) Eureka

Eureka is a data analytics, big data, and artificial intelligence business that focuses in information technology.

Details of the startup:

  • City: Jakarta
  • Started in: 2016
  • Founders: Benjamin Soemartopo, Eric Bonnel, Martin Filz, Michael Hawkins, Tarek Najm
  • Industries: Analytics, Artificial Intelligence, Big Data, Machine Learning
  • Number of employees: 101-250
  • Funding amount: $20,000,000
  • Number of funding rounds: 1
  • Number of investors: 7

You can find their website here.

58) Orami

58) Orami

Orami is a Southeast Asian women's internet shopping destination.

Details of the startup:

  • City: Jakarta
  • Started in: 2012
  • Founders: Eka Himawan, Ferry Tenka, Shannon Kalayanamitr
  • Industries: E-Commerce, Fashion, Shopping
  • Number of employees: 251-500
  • Funding amount: $15,000,000
  • Number of funding rounds: 2
  • Number of investors: 4

You can find their website here.

59) OnlinePajak

59) OnlinePajak

With quick, hassle-free, and secure online tax management technology, OnlinePajak streamlines the entire tax filing procedure.

Details of the startup:

  • City: Jakarta
  • Started in: 2014
  • Founders: Charles Guinot
  • Industries: Information Services, Information Technology
  • Number of employees: 101-250
  • Funding amount: $29,000,000
  • Number of funding rounds: 2
  • Number of investors: 6

You can find their website here.

60) Bobobox Indonesia

60) Bobobox Indonesia

Bobobox Indonesia is a start-up capsule hotel.

Details of the startup:

  • City: Bandung
  • Started in: 2017
  • Founders: Antonius Bong
  • Industries: Energy, Information Technology, Renewable Energy, Travel
  • Number of employees: 11-50
  • Funding amount: $13,000,000
  • Number of funding rounds: 3
  • Number of investors: 8

You can find their website here.

61) Ayoconnect

61) Ayoconnect

Ayoconnect is an Indonesian fintech firm dedicated to creating the country's largest financial APIs platform.

Details of the startup:

  • City: Jakarta
  • Started in: 2016
  • Founders: Adi Vora, Chiragh Kirpalani, Jakob Rost
  • Industries: Billing, Enterprise Software, Financial Services, FinTech, Internet
  • Number of employees: 101-250
  • Funding amount: $10,000,000
  • Number of funding rounds: 3
  • Number of investors: 9

You can find their website here.

62) Travelio

62) Travelio

Travelio is a website that lets you rent flats, villas, and mansions online.

Details of the startup:

  • City: Jakarta
  • Started in: 2014
  • Founders: Christie Amanda, Christina Suriadjaja, Hendry Rusli
  • Industries: Hospitality, Marketplace, Property Management, Real Estate, Rental Property, Travel Accommodations
  • Number of employees: 251-500
  • Funding amount: $24,000,000
  • Number of funding rounds: 4
  • Number of investors: 12

You can find their website here.

63) Bizzy

63) Bizzy

In Indonesia, Bizzy is a comprehensive B2B Supply Chain Platform for Logistics and Distribution.

Details of the startup:

  • City: Jakarta
  • Started in: 2015
  • Founders: Hermawan Sutanto, Peter Goldsworthy
  • Industries: Internet, Marketplace, Transportation, Wholesale
  • Number of employees: 11-50
  • Funding amount: $10,500,000
  • Number of funding rounds: 3
  • Number of investors: 4

You can find their website here.

64) CoHive

64) CoHive

CoHive is the largest coworking space provider in Indonesia.

Details of the startup:

  • City: Jakarta
  • Started in: 2015
  • Founders: Carlson Lau, Ethan Choi, Jason Lee
  • Industries: Communities, Coworking, Office Administration
  • Number of employees: 101-250
  • Funding amount: $37,800,000
  • Number of funding rounds: 4
  • Number of investors: 15

You can find their website here.

65) Snapcart

65) Snapcart

Snapcart incentivizes customers to take images of their receipts so that massive data can be extracted and real-time, customized engagements can be developed.

Details of the startup:

  • City: Jakarta
  • Started in: 2015
  • Founders: Araya Hutasuwan, Laith Abu Rakty, Reynazran Royono, Teresa Condicion
  • Industries: Analytics, Apps, Big Data, Mobile
  • Number of employees: 101-250
  • Funding amount: $14,725,000
  • Number of funding rounds: 6
  • Number of investors: 11

You can find their website here.

66) PrivyID

66) PrivyID

By combining trusted digital ID, digital signatures, and document management, PrivyID is creating an unprecedented business model.

Details of the startup:

  • City: Jakarta
  • Started in: 2016
  • Founders: Guritno Adi Saputra, Marshall Pribadi
  • Industries: Identity Management, Information Technology
  • Number of employees: 101-250
  • Funding amount: $6,100,000
  • Number of funding rounds: 2
  • Number of investors: 5

You can find their website here.

67) Qlue

67) Qlue

Qlue is a social networking app that connects you to officials and your community.

Details of the startup:

  • City: Jakarta
  • Started in: 2014
  • Founders: Rama Raditya
  • Industries: Data Mining, Software
  • Number of employees: 11-50
  • Funding amount: $550,000
  • Number of funding rounds: 6
  • Number of investors: 6

You can find their website here.

68) Cakap

68) Cakap

A novel approach to language learning is offered via an online learning platform that connects students with the greatest teachers one on one via video call.

Details of the startup:

  • City: Jakarta
  • Started in: 2013
  • Founders: Tomy Yunus Tjen, Yohan Limerta
  • Industries: EdTech, Education
  • Number of employees: 101-250
  • Funding amount: $3,000,000
  • Number of funding rounds: 4
  • Number of investors: 4

You can find their website here.

69) PROTON Holdings

69) PROTON Holdings

PROTON Holdings is a company that designs, builds, and sells automobiles.

Details of the startup:

  • City: Subang
  • Started in: 1983
  • Founders: Mahathir Mohamad
  • Industries: Automotive, Autonomous Vehicles, Machinery Manufacturing, Manufacturing
  • Number of employees: 10001+
  • Funding amount: CN¥460,300,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

70) Bonza

70) Bonza

Bonza is a startup that specializes in large data analysis.

Details of the startup:

  • City: Jakarta
  • Started in: 2020
  • Founders: Elsa Chandra, Philip Thomas
  • Industries: Analytics, Big Data
  • Number of employees: 11-50
  • Funding amount: $2,000,000
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

71) Aruna

71) Aruna

Aruna is an integrated fisheries platform in Indonesia.

Details of the startup:

  • City: Jakarta
  • Started in: 2015
  • Founders: Indraka Fadhlillah
  • Industries: Communities
  • Number of employees: 11-50
  • Funding amount: $5,500,000
  • Number of funding rounds: 3
  • Number of investors: 5

You can find their website here.

72) Bhinneka.Com

72) Bhinneka.Com

Bhinneka.Com was the first eCommerce website in Indonesia.

Details of the startup:

  • City: Jakarta
  • Started in: 1993
  • Founders: Hendrik Tio
  • Industries: Computer, E-Commerce, Internet, Sustainability
  • Number of employees: 501-1000
  • Funding amount: $22,000,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

73) INDODAX

73) INDODAX

INDODAX, formerly known as Bitcoin.co.id, is Indonesia's largest digital asset exchange (Bitcoin Indonesia)

Details of the startup:

  • City: Jakatra
  • Started in: 2014
  • Founders: Oscar Darmawan, William Sutanto
  • Industries: Bitcoin, Blockchain, Cryptocurrency, Financial Exchanges, Financial Services, FinTech
  • Number of employees: 101-250
  • Funding amount: $1,050,000
  • Number of funding rounds: 2
  • Number of investors: 1

You can find their website here.

74) Telkomsel

74) Telkomsel

Telkomsel is a GSM and UMTS mobile phone network under the Telkomsel brand.

Details of the startup:

  • City: Jakarta
  • Started in: 1995
  • Industries: Communications Infrastructure, Mobile, Telecommunications
  • Number of employees: 1001-5000

You can find their website here.

75) Modalku

75) Modalku

Modalku is a Jakarta-based online marketplace for small businesses to obtain loans and for lenders to fund small business loans.

Details of the startup:

  • City: Kebon
  • Started in: 2016
  • Founders: Iwan Kurniawan, Kelvin Teo, Reynold Wijaya
  • Industries: B2B, Consumer Lending, E-Commerce, Financial Services, FinTech, Lending, Marketplace, Small and Medium Businesses
  • Funding amount: $1,200,000
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

76) Wahyoo

76) Wahyoo

Wahyoo is an Indonesian technology firm that adds value and benefits to booths.

Details of the startup:

  • City: Tangerang
  • Started in: 2017
  • Founders: Peter Shearer
  • Industries: Food Delivery, Information Technology
  • Number of employees: 51-100
  • Funding amount: $5,000,000
  • Number of funding rounds: 2
  • Number of investors: 13

You can find their website here.

77) Dekoruma

77) Dekoruma

Dekoruma is a digital firm that provides ideas for a dream home and decor at a low cost.

Details of the startup:

  • City: Jakarta
  • Started in: 2016
  • Founders: Aruna Harsa, Dimas Harry Priawan
  • Industries: E-Commerce, Furniture, Home Decor
  • Number of employees: 101-250
  • Funding amount: $1,600,000
  • Number of funding rounds: 3
  • Number of investors: 8

You can find their website here.

78) Blue Bird Group

78) Blue Bird Group

Blue Bird Group is an Indonesian transportation firm that operates throughout the country.

Details of the startup:

  • City: Jakarta
  • Started in: 2001
  • Industries: Logistics, Service Industry, Transportation
  • Number of employees: 5001-10000
  • Funding amount: $30,000,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

79) GoPlay

79) GoPlay

GoPlay is Indonesia's Gojek's video streaming service.

Details of the startup:

  • City: Jakarta
  • Started in: 2019
  • Industries: Media and Entertainment, Video Streaming
  • Funding amount: $15,000,000
  • Number of funding rounds: 1
  • Number of investors: 5

You can find their website here.

80) Elevenia

80) Elevenia

Elevenia is an online marketplace for consumers and merchants.

Details of the startup:

  • City: Jakarta
  • Started in: 2013
  • Industries: E-Commerce, Fashion, Marketplace
  • Number of employees: 101-250
  • Funding amount: $68,300,000
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

81) Nimbly Technologies

81) Nimbly Technologies

Nimbly Technologies is a DKI Jakarta-based information technology firm.

Details of the startup:

  • City: Jakarta
  • Started in: 2018
  • Industries: Enterprise Software, Information Technology
  • Number of employees: 51-100
  • Funding amount: $4,600,000
  • Number of funding rounds: 1
  • Number of investors: 3

You can find their website here.

82) Advotics

82) Advotics

Advotics is an offline-to-online analytics platform based in Indonesia.

Details of the startup:

  • City: Kedoya Selatan
  • Started in: 2016
  • Industries: Analytics, Software
  • Number of employees: 51-100
  • Funding amount: $5,450,000
  • Number of funding rounds: 2
  • Number of investors: 1

You can find their website here.

83) GoWork

83) GoWork

GoWork is a premium coworking space in Indonesia with a mission to help people achieve their full potential.

Details of the startup:

  • City: Jakarta
  • Started in: 2016
  • Founders: Vanessa Hendriadi Li
  • Industries: Coworking, Real Estate
  • Number of employees: 11-50
  • Funding amount: $13,000,000
  • Number of funding rounds: 4
  • Number of investors: 10

You can find their website here.

84) Logisly

84) Logisly

Logisly is a startup that specializes in e-forwarding.

Details of the startup:

  • City: Jakarta
  • Started in: 2019
  • Founders: Robbi Baskoro, Roolin Njotosetiadi
  • Industries: Internet
  • Number of employees: 11-50
  • Funding amount: $6,000,000
  • Number of funding rounds: 2
  • Number of investors: 4

You can find their website here.

85) CROWDE

85) CROWDE

Agriculture-focused finance firm that provides technology and capital to Indonesian farmers.

Details of the startup:

  • City: Jakarta
  • Started in: 2016
  • Founders: Muhamad Risyad Ganis, Yohanes Sugihtononugroho
  • Industries: Agriculture, AgTech, Financial Services, FinTech, Social Entrepreneurship
  • Number of employees: 11-50
  • Funding amount: $1,000,000
  • Number of funding rounds: 2
  • Number of investors: 3

You can find their website here.

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