Indonesia is home to nine unicorn startups, with companies in sectors ranging from travel to agriculture technology. The most valuable of these is the travel platform Traveloka, with a $3B valuation, while eFishery supports the aquaculture industry and is valued at $1.3B.
The financial technology sector is a major part of the ecosystem, but consumer brands like the coffee chain Kopi Kenangan have also reached a $1B valuation.
Below is the full list of 9 Indonesia unicorn startups at this time.
Top 9 Most Valuable Indonesia Unicorns
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2,189 Accelerators & Incubators
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1,600+ Unicorns
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250 BioTech & Health Investors
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250 AI Investors
List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
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250 Fintech Investors
List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Traveloka built a comprehensive travel platform that helps people discover and book flights, hotels, and local experiences. They bring together a massive selection of travel options, simplifying the entire booking process for users through one central app.
| Valuation | $3B (Joined January 2017) |
| Headquarters | Jakarta, Jakarta Raya, Indonesia |
| Year Founded | 2012 |
| Founders | Albert Zhang, Derianto Kusuma, Ferry Unardi |
| Funding Amount | $1.5B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Corporate Round |
| Top Investors | Global Founders Capital, BlackRock, Hillhouse Investment, Sequoia Capital, Allianz Global Investors |
Akulaku Group builds and operates a digital finance platform for consumers across Southeast Asia. The platform offers a suite of virtual services, from digital credit and flexible payments to insurance and wealth management products.
| Valuation | $2B |
| Headquarters | Jakarta, Jakarta Raya, Indonesia |
| Year Founded | 2016 |
| Founders | Gordon Hu, William LI |
| Funding Amount | $748.1M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | Qiming Venture Partners, Legend Capital, IDG Capital, HSBC, Peak XV Partners |
eFishery has built a digital ecosystem for fish and shrimp farmers, integrating everything from smart feeding technology to financing and market access. Their platform helps make aquaculture more productive and profitable, creating a more sustainable and data-driven industry.
| Valuation | $1.3B (Joined May 2023) |
| Headquarters | Bandung, Jawa Barat, Indonesia |
| Year Founded | 2013 |
| Founders | Chrisna Aditya, Gibran Huzaifah, Muhammad Ihsan Akhirulsyah |
| Funding Amount | $372.9M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | International Finance Corporation, 500 Global, Peak XV Partners, Endeavor Catalyst, Temasek Holdings |
DANA created an all-in-one digital wallet designed to simplify financial transactions for users in Indonesia. Their platform allows people to make payments, send money, and access other financial services directly from their mobile devices.
| Valuation | $1.13B (Joined August 2022) |
| Headquarters | Jakarta, Jakarta Raya, Indonesia |
| Year Founded | 2017 |
| Founders | Vincent Henry Iswaratioso |
| Funding Amount | $554.5M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series A |
| Top Investors | Lazada Group, Living Lab Ventures, Endeavor Indonesia |
Xendit builds digital payment infrastructure for businesses across Southeast Asia, serving everyone from small startups to large enterprises. Their technology makes it simple for companies to accept payments and send payouts at scale.
| Valuation | $1B (Joined September 2021) |
| Headquarters | Jakarta, Jakarta Raya, Indonesia |
| Year Founded | 2014 |
| Founders | Bo Chen, Moses Lo, Tessa Wijaya |
| Funding Amount | $534.7M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | Coatue, Y Combinator, Accel, Insight Partners, Kleiner Perkins |
Ajaib created an investment platform designed to make trading stocks and mutual funds accessible to everyone in Indonesia. They offer a single application for users to manage their financial portfolios.
| Valuation | $1B (Joined October 2021) |
| Headquarters | Jakarta, Jakarta Raya, Indonesia |
| Year Founded | 2019 |
| Founders | Anderson Sumarli, Yada Piyajomkwan |
| Funding Amount | $246.3M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series B |
| Top Investors | Ribbit Capital, Y Combinator, IVP, Alpha JWC Ventures, ICONIQ Growth |
Vidio developed an over-the-top video platform for users to watch, upload, and share a wide range of content. The Indonesian streaming service has become a go-to destination for its mix of original series, movies, and live sports programming.
| Valuation | $1B |
| Headquarters | Dki Jakarta, Jakarta Raya, Indonesia |
| Year Founded | 2014 |
| Founders | Adi Sariaatmadja |
| Funding Amount | $197M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Corporate Round |
| Top Investors | Grab, Bali United Football Club, Dian Swastatika Sentosa, Affinity Equity Partners, PT Ekonomi Baru Investasi Teknologi |
Kopi Kenangan runs Indonesia's fastest-growing coffee chain. Their growth is driven by a tech-based 'grab & go' model that allows customers to order and pay through a mobile app.
| Valuation | $1B (Joined December 2021) |
| Headquarters | Jakarta, Jakarta Raya, Indonesia |
| Year Founded | 2017 |
| Founders | Edward Tirtanata, James Prananto |
| Funding Amount | $333M |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series C |
| Top Investors | Alpha JWC Ventures, Peak XV Partners, Alpha Wave Global, B Capital, Serena Ventures |
JD.ID built a major e-commerce platform for the Indonesian market, offering a wide range of original products at competitive prices. They are known for providing a reliable and fast shopping experience with a focus on authentic, quality goods.
| Valuation | $1B |
| Headquarters | Jakarta, Jakarta Raya, Indonesia |
| Year Founded | 2015 |
| Founders | — |
| Funding Amount | — |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Corporate Round |
| Top Investors | Gojek |