Top Unicorn Startup Companies in Indonesia

Indonesia’s startup ecosystem has witnessed remarkable growth in recent years, with several companies achieving unicorn status. These unicorns, defined as privately held startups valued at over $1 billion, symbolize the success and potential of the Indonesian tech industry.

1. Bukalapak
   

   Bukalapak, an e-commerce platform, emerged as a unicorn in 2018. Supported by investments from major groups like 500 Startups and Emtek Group, Bukalapak made history by going public on the Indonesia Stock Exchange in 2021.

   Also read: Top 10 B2B Companies in Indonesia

2. Gojek
   

   Gojek, founded in 2010, became Indonesia’s first unicorn, offering ride-hailing services that transformed urban mobility. Its impact extends beyond transportation, encompassing various sectors.

3. Tokopedia
   

   

   Tokopedia, founded in 2009, attained unicorn status in 2017 after receiving investment from Alibaba. As a leading e-commerce platform, it has shaped consumer behavior and empowered businesses.

   Also read: Top 10 Biggest E-commerce Companies in Indonesia

4. Traveloka
   

   Traveloka disrupted the travel industry by offering convenient online booking services. With investments from Expedia, it reached unicorn status in 2017, solidifying its position as a leader in Southeast Asia.

5. eFishery
   

   eFishery’s innovative approach to aquaculture earned it unicorn status with a $108 million Series D funding. Its technology-driven solutions address crucial challenges in the agriculture sector.

   Also read: 5 Most Suitable Businesses for Using a Virtual Office

6. Kopi Kenangan
   

   Kopi Kenangan, a culinary company, claimed unicorn status in 2021, distinguishing itself as the first New Retail F&B company in Southeast Asia to achieve this milestone. Series C funding of Rp1.3 trillion fueled its growth.

7. Akulaku
   

   Akulaku, operating in finance and technology, recently became a unicorn after securing a $10 billion investment. Its fintech lending services have garnered widespread attention, leading to a valuation of $2 billion.

8. OVO
   

   

   OVO, a subsidiary of the Lippo Group, entered the unicorn club with a $120 million investment from Tokyo Century in 2018. Its digital payment solutions have transformed the way Indonesians transact.

   Also read: 10 Top Fintech Companies in Indonesia

9. Kredivo
   

   Kredivo, a credit lending startup, achieved unicorn status in 2021, underscoring its significance in the Indonesian financial landscape. By offering innovative credit solutions, it has become a household name.

10. Xendit
    

    Xendit revolutionized business transactions in Indonesia and beyond. With a $150 million Series C funding, it joined the unicorn ranks, poised for further growth and expansion.

11. Ajaib
    

    Ajaib, a fintech investment startup, secured unicorn status after a $153 million Series B funding. Its platform democratizes investment opportunities, attracting a diverse user base.

12. J&T Express
    

    J&T Express, a logistics company, achieved unicorn status in 2021, reflecting the growing demand for efficient parcel delivery services in Indonesia. Its robust infrastructure supports e-commerce growth.

Also read: 25 Profitable Business Ideas and Opportunities in Indonesia

While Indonesia’s unicorn companies enjoy substantial success, they face regulatory hurdles and fierce competition. However, the market’s vast potential offers numerous growth opportunities for innovative startups.

Indonesia’s unicorn startup ecosystem underscores the country’s position as a hub for innovation and entrepreneurship. With continued support and innovation, these companies are poised to drive economic growth and shape industries.

Having learned the list above, are you now prepared to establish your own startup in Indonesia?

However, the process of establishing a business in Indonesia involves several steps, including business registration, obtaining necessary licenses and permits, and complying with local regulations. To simplify the process and ensure compliance, it is advisable to seek professional assistance.

InvestinAsia is among the companies that specialize in aiding you with Indonesia company registration. We boast a team of seasoned experts who can guide you throughout the process.

• PMA / Foreign Company Registration in Indonesia
• Set Up Indonesian PT PMDN
• Indonesia representative office registration
• Virtual office setup in Indonesia
• Business registration number in Indonesia
• Indonesian Business Licenses
• Indonesia Trademark Registration

If you are interested in starting a company in Indonesia, you can start by contacting us for FREE consultation.