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The 7 Most Valuable Unicorns in Indonesia

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On Deck is where top talent comes to accelerate their ideas and build companies, surrounded by a world-class community.

The number of successful companies run by founders from Indonesia and worth more than $1 billion is becoming increasingly hard to ignore.

Particularly when a lot of these companies were only founded within the last 5 years or so.

That's why we decided to put together this list of 7 companies from Indonesia that have achieved the Unicorn status.

The 7 Unicorns in Indonesia

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J&T Express

J&T Express

J&T Express is an E-Commerce Freight Forwarding and Expedited Service provider of international shipping services for businesses and individuals.

Details of the startup:

  • Valuation:

    $20.00

    B (

    April 2021

    )

  • Country:

    Indonesia

  • City:

    Jakarta

  • Started in:

    2015

  • Founders:

    Jet Lee, Tony Chen

  • Industries:

    Courier Service, E-Commerce, Freight Service

  • Number of employees:

    10,000+

  • Funding Amount:

    $4,653.00M

  • Number of funding rounds:

    4

  • Number of investors:

    6

here

Traveloka

Traveloka

Traveloka is an online travel agency that uses artificial intelligence to recommend the right holiday for customers.

Details of the startup:

  • Valuation:

    $3.00

    B (

    January 2017

    )

  • Country:

    Indonesia

  • City:

    Jakarta

  • Started in:

    2012

  • Founders:

    Albert Albert, Derianto Kusuma, Ferry Unardi

  • Industries:

    Big Data, In-Flight Entertainment, Search Engine, Travel

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $1,170.00M

  • Number of funding rounds:

    6

  • Number of investors:

    9

here

Ovo

Ovo

OVO is in the business of simplifying the online and mobile payment experience for consumers. They offer world class solutions for banks and financial services providers.

Details of the startup:

  • Valuation:

    $2.90

    B (

    March 2019

    )

  • Country:

    Indonesia

  • City:

    Jakarta

  • Started in:

    2017

  • Founders:

    Matt Jones

  • Industries:

    Broadcasting, Media and Entertainment, Mobile, Music Streaming, Telecommunications, Video Streaming

  • Number of employees:

    10-50

  • Funding Amount:

    $116.00M

  • Number of funding rounds:

    1

  • Number of investors:

    5

here

Akulaku

Akulaku

Akulaku is Southeast Asia's premier banking and digital financial platform.

Details of the startup:

  • Valuation:

    $2.00

    B (

    February 2022

    )

  • Country:

    Indonesia

  • City:

    Jakarta

  • Started in:

    2014

  • Founders:

    Gordon Hu, William LI

  • Industries:

    Banking, Finance, Financial Services, FinTech, Insurance, Wealth Management

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $455.00M

  • Number of funding rounds:

    10

  • Number of investors:

    15

here

Ajaib

Ajaib

Ajaib is an investment platform that enables Indonesians to trade equities, exchange-traded funds, and mutual funds.

Details of the startup:

  • Valuation:

    $1.00

    B (

    October 2021

    )

  • Country:

    Indonesia

  • City:

    Jakarta

  • Started in:

    2018

  • Founders:

    Anderson Sumarli, Yada Piyajomkwan

  • Industries:

    Finance, Financial Services, FinTech, Trading Platform

  • Number of employees:

    100-250

  • Funding Amount:

    $245.22M

  • Number of funding rounds:

    5

  • Number of investors:

    13

here

Kopi Kenangan

Kopi Kenangan

Kopi Kenangan is Indonesia’s fastest-growing coffee chain, leveraging on a tech-based 'grab & go' strategy.

Details of the startup:

  • Valuation:

    $1.00

    B (

    December 2021

    )

  • Country:

    Indonesia

  • City:

    Kebayoran Baru

  • Started in:

    2017

  • Founders:

    Edward Tirtanata, James Prananto

  • Industries:

    Coffee, Food and Beverage

  • Number of employees:

    50-100

  • Funding Amount:

    $233.00M

  • Number of funding rounds:

    6

  • Number of investors:

    17

here

Xendit

Xendit

Xendit is fintech company that provides payment infrastructure across South East Asia.

Details of the startup:

  • Valuation:

    $1.00

    B (

    September 2021

    )

  • Country:

    Indonesia

  • City:

    Jakarta

  • Started in:

    2014

  • Founders:

    Bo Chen, Juan Gonzalez, Moses Lo, Tessa Wijaya

  • Industries:

    Banking, Finance, Financial Services, FinTech, Payments

  • Number of employees:

    500-1,000

  • Funding Amount:

    $215.01M

  • Number of funding rounds:

    6

  • Number of investors:

    9

here
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