Indonesia, a nation with a rich history of innovation and entrepreneurship, has witnessed an incredible surge in the number of unicorns – privately held start-up companies valued at over $1 billion – in recent years. With the rapid growth of the Indonesia economy and the rise of disruptive technologies, these 8 unicorn companies have become the driving force behind the nation’s rise as a global powerhouse.
So without any delay, let’s get started and discover the world of Indonesia’s unicorn companies!
List of 8 Unicorns in Indonesia
1. J&T Express
A Southeast Asian logistics company that provides express delivery services.
Company Details:
- Valuation: $20B
- Investors Name: Hillhouse Capital Management, Boyu Capital, Sequoia Capital China
- City: Jakarta
- Industry: Supply chain, logistics, & delivery
- Total Funding Raised: $4.653B
- Founded Year: 2015
- Joined Unicorn Club: 4/7/2021
- Total Investors:
- Total Deal Terms: 3
- Website: https://jet.co.id/
2. Traveloka
Southeast Asian online travel and lifestyle booking platform, offering flights, hotels, and experiences
Company Details:
- Valuation: $3B
- Investors Name: Global Founders Capital, East Ventures, Expedia Inc.
- City: Jakarta
- Industry: Travel
- Total Funding Raised: $1.17B
- Founded Year: 2012
- Joined Unicorn Club: 1/1/2017
- Total Investors:
- Total Deal Terms: 3
- Website: https://www.traveloka.com/en-id
3. Ovo
Indonesian digital payments platform providing financial services, e-money, and online payment systems
Company Details:
- Valuation: $2.90B
- Investors Name: Grab, Tokopedia, Tokyo Century Corporation
- City: Jakarta
- Industry: Fintech
- Total Funding Raised: $116M
- Founded Year: 2017
- Joined Unicorn Club: 3/14/2019
- Total Investors:
- Total Deal Terms: 1
- Website: https://www.ovo.id/
4. Akulaku
Indonesian fintech company providing a range of financial products including loans, virtual credit cards, and insurance
Company Details:
- Valuation: $2B
- Investors Name: DCM Ventures, IDG Capital, Siam Commercial Bank
- City: Jakarta
- Industry: E-commerce & direct-to-consumer
- Total Funding Raised: $455M
- Founded Year: 2014
- Joined Unicorn Club: 2/15/2022
- Total Investors:
- Total Deal Terms: 3
- Website: https://www.akulaku.com/
5. DANA
Indonesian digital wallet and payment platform allowing users to shop, transfer money, and pay bills
Company Details:
- Valuation: $1.13 B
- Investors Name: Ant Group, Lazada, Sinar Mas Indonesia
- City: Jakarta
- Industry: Fintech
- Total Funding Raised: –
- Founded Year: –
- Joined Unicorn Club: 8/10/2022
- Total Investors:
- Total Deal Terms: –
- Website: https://www.dana.id/
6. Kopi Kenangan
Indonesian coffee chain that offers affordable gourmet coffee with a mobile-first approach
Company Details:
- Valuation: $1B
- Investors Name: Horizons Ventures, Sequoia Capital India, Alpha JWC Ventures
- City: Jakarta
- Industry: Consumer & retail
- Total Funding Raised: $233M
- Founded Year: 2017
- Joined Unicorn Club: 12/27/2021
- Total Investors:
- Total Deal Terms: 1
- Website: https://kopikenangan.id/
7. Ajaib
Indonesian wealth management platform, allowing users to invest in stocks, mutual funds, and ETFs
Company Details:
- Valuation: $1B
- Investors Name: Softbank Ventures Asia, Alpha JWC Ventures, Insignia Ventures Partners
- City: Jakarta
- Industry: Fintech
- Total Funding Raised: $245.22M
- Founded Year: 2018
- Joined Unicorn Club: 10/4/2021
- Total Investors:
- Total Deal Terms: 1
- Website: https://www.ajaib.co.id/
8. Xendit
Southeast Asian fintech company providing payment solutions for businesses, enabling online transactions and digital payments
Company Details:
- Valuation: $1B
- Investors Name: Accel, Y Combinator, Amasia
- City: Jakarta
- Industry: Fintech
- Total Funding Raised: $215.01M
- Founded Year: 2014
- Joined Unicorn Club: 9/14/2021
- Total Investors:
- Total Deal Terms: 1
- Website: https://www.xendit.co/
Conclusion
In conclusion, Indonesia’s top 8 unicorns showcase the nation’s innovative power and economic growth. These companies are making a global impact and reshaping industries. Keep an eye on these trailblazers, as they continue to redefine success in the ever-evolving world of innovation.