Indonesia is one of the most rapidly growing startup ecosystems in Asia, with the country being home to many top startups. It is also a fact that investment in Indonesian startups has been trending upwards for years, with the country doing well despite the impact of the COVID-19 pandemic. In the country, the mobile and fintech sectors are currently experiencing an explosion in popularity and financing.
1. LingoTalk
Year Founded: 2020
HQ: Jakarta, Indonesia
Size: 11-50
Founders: Andre Benito, Hardi Wijaya
LingoTalk is an Indonesian startup that was founded in 2020 and is currently based in Jakarta. The company makes its money through the provision of a platform that allows people to learn languages remotely. This helps the students to learn, no matter where they are, as long as they have an internet connection.
The business has gone through four rounds of funding and in these funding rounds, the company has secured the support of two investors. These investors have allowed the company to cumulatively raise $500,000.
2. Otoklix
Year Founded: 2019
HQ: Kebayoran, Indonesia
Size: 11-50
Founders: Joseph Alexander, Martin Suryohusodo
Otoklix is an Indonesian startup that was founded in 2019 and is currently based in Kebayoran, Indonesia. The company makes its money through the provision of a platform that connects mechanics for vehicles. They also help these mechanics to reduce their procurement costs and improve customer relations through software.
The company has gone through two rounds of funding since being founded. These funding rounds have attracted the support of eleven investors and has allowed the business to raise an impressive $12 Million.
3. Pluang
Year Founded: 2019
HQ: Jakarta, Indonesia
Size: 51-100
Founders: Claudia Kolonas, Iwan Tjam, Richard Chua
Pluang is a startup in Indonesia that was founded in 2019 and is currently based in Jakarta, Indonesia. The company operates a fintech app for its customers that assists with digital microsavings and micro investments. They're making it easier for people in the country to access financial products.
Since being founded, the company has gone through four rounds of funding. These rounds of funding have been supported by an impressive total of nineteen investors. The amount raised has been even more impressive at $113 Million.
4. Nuerabot
Year Founded: 2018
HQ: Yogyakarta, Indonesia
Size: 1-10
Founders: Indarto Neura
Nuerabot is an Indonesian startup that was founded in 2018 and is currently based in Yogyakarta, Indonesia. The company operates a private digital laboratory for experts to collaborate and store data in order to assist in the fight against cancer. This is achieved through AI technology.
Since being founded, the company has gone through three rounds of startup funding. These three rounds have been supported by a total of two investors. The amount of money raised through these investors is currently unclear.
5. MyRobin
Year Founded: 2019
HQ: Jakarta, Indonesia
Size: 11-50
Founders: Ardy Satria Hasanuddin, Siddharth Kumar
MyRobin is a startup in Indonesia that was founded in 2019 and is currently based in Jakarta, Indonesia. The company helps to connect businesses with pre-screened blue collar workers through the use of a technology platform. This platform also allows for flexible long and short-term contracts.
Since being founded, the company has gone through two rounds of startup funding. From these two funding rounds, the company managed to secure the investment of twelve investors. The total amount of funding has not yet been disclosed.
6. Xurya
Year Founded: 2018
HQ: Jakarta, Indonesia
Size: 11-50
Founders: Edwin Widjonarko, Eka Himawan
Xurya is an Indonesian startup that was founded in 2018 and is currently based in Jakarta, Indonesia. The company makes its money by leasing solar panel technology to businesses within the country. This allows them to get access to savings whilst doing so.
Since being founded, the company has gone through four rounds of funding. These funding rounds have been supported by a total of six investors. These investors have collectively invested $21.5 Million into the business.
7. Noice
Year Founded: 2018
HQ: Jakarta, Indonesia
Size: 11-50
Founders: Erick Thohir
Noice is a startup in Indonesia that was founded in 2018 and is currently based in Jakarta, Indonesia. The company operates an audio platform like Spotify, but specific to people in Indonesia. Their platform is available on Android and Apple operating systems.
Since being founded, the company has gone through a single seed round of funding. This round of funding has been supported by five investors. The amount that has been raised has not been declared publicly.
8. Tentang Anak
Year Founded: 2020
HQ: Jakarta, Indonesia
Size: 11-50
Founders: Garri Juanda, Mesty Ariotedjo
Tentang Anak is an Indonesian startup that was founded in 2020 and is currently based in Jakarta, Indonesia. The company makes its money by aggregating a variety of development services and products aimed at children, which are all offered through its platform.
The business has gone through a single seed round of funding since it was founded, with this round of funding being supported by a sole investor. The amount raised by this investor has not been disclosed.
9. Grouu Baby Food
Year Founded: 2020
HQ: Jakarta, Indonesia
Size: 11-50
Founders: Jessica Marthin, Natalia Imelda, Ratna Pratama,vStefanus Suharjono
Grouu Baby Food is a startup in Indonesia that was founded in 2020 and is currently based in Jakarta. The company provides a variety of gourmet baby food options, with textures being able to be optimized for the developmental needs of the child being ordered for.
Since being founded, the company has gone through a single round of startup funding. This funding round has been supported by a total of three investors and these investors have pooled 5.7 Billion IDR into the business.
10. Gelora
Year Founded: 2019
HQ: Bandung, Indonesia
Size: 11-50
Founders: Ahmad Alaydrus
Gelora is an Indonesian startup that was founded in 2019 and is currently based in Bandung, Indonesia. The company makes its money by providing sporting facilities with the ability to take and make online bookings, which makes it easier for them to get customers and make money themselves.
The business has gone through a single round of funding since being founded, with this funding round helping the company to raise $500,000. The number of investors to support this funding round is currently unknown.
11. GCAL Limited
Year Founded: 2018
HQ: Tangerang, Indonesia
Size: 1-10
Founders: Budi Susianto Prasetyo, Darmadi Gunawan McHydee
GCAL is a startup in Indonesia that was founded in 2018 and is currently based in Tangerang, Indonesia. The company makes its money through the environmentally friendly management of waste, with the business being backed by its own investment company located in Singapore.
This investment company has led three funding rounds for the business, with support coming from another investment firm. The end result of this was that the business managed to successfully raise 402,500 SGD.
12. Tumbasin
Year Founded: 2017
HQ: Semarang, Indonesia
Size: 11-50
Founders: Bayu Saubig, Fuad Hasbi, Tri Mituhu
Tumbasin is an Indonesian startup that was founded in 2017 and is currently based in Semarang, Indonesia. The company aims to help wet markets to gain more customers by allowing them to connect with their customers online. This is a positive when markets normally only allow for physical shopping.
The business has gone through two rounds of startup funding since being founded, with these funding rounds being supported by a sole investor. The total figure raised by the company has not been disclosed.
13. Alami
Year Founded: 2017
HQ: Jakarta, Indonesia
Size: 101-250
Founders: Bembi Juniar, Dima Djani, Harza Sandityo
Alami is an Indonesian startup that was founded in 2017 and is currently based in Jakarta, Indonesia. The company aims to address the scarcity of investment in the country by allowing P2P lending from individuals to small businesses. This also helps people to make investments more easily.
The business has gone through an impressive six rounds of funding since being founded, with these funding rounds being supported by eight investors. From these investors, the company has managed to raise an impressive $37.5 Million.
14. Altech Omega Andalan
Year Founded: 2017
HQ: Jakarta, Indonesia
Size: 11-50
Founders: Unknown
Altech Omega Andalan is a startup in Indonesia that was founded in 2017 and is currently based in Jakarta. The business makes its money by offering a range of different IT services to companies in the growing ecosystem in the country. This is achieved through custom development and implementation.
The company has gone through four rounds of funding since being founded, with these funding rounds being supported by a sole investor. The end result of this was that the company managed to raise $500,000.
15. UpBanx
Year Founded: 2021
HQ: Jakarta, Indonesia
Size: 11-50
Founders: Wafa Taftazani, Hendri Wijaya, Alif Fatkhurrohman
UpBanx is an Indonesian startup that was founded in 2021 and is currently based in Jakarta, Indonesia. The company makes its money through the provision of a fintech platform tailored to the needs of creators, brands, freelancers and agencies. With the company being one of the most exciting Indonesian startups to be founded last year.
The company has gone through a single round of funding since being founded, with this funding round being supported by twenty investors. The end result of this funding round was that the company managed to raise $5.2 Million.
16. Verihubs
Year Founded: 2019
HQ: Jakarta, Indonesia
Size: 11-50
Founders: Rick Firnando, Williem Williem
Verihubs is a startup in Indonesia that was founded in 2019 and is currently based in Jakarta, Indonesia. The company provides AI-powered solutions and other digital infrastructure for clients in the financial services sector.
Since being founded, the company has gone through three rounds of startup funding, with these rounds being supported by 14 investors. The end result of this was that the company has managed to raise $2.9 Million.
17. KitaBeli
Year Founded: 2020
HQ: Jakarta, Indonesia
Size: 11-50
Founders: Gopal Rathore, Ivana Tjandra, Subhash Bishnoi
Kitabeli is an Indonesian startup that was founded in 2020 and is currently based in Jakarta, Indonesia. The company uses its online platform to rapidly and safely sell daily essentials and fast-use consumer goods to consumers within the country.
Since being founded, the company has gone through three rounds of funding and these funding rounds have been supported by five investors. The end result of this was that the company has managed to raise $10 Million.
18. Akseleran
Year Founded: 2016
HQ: Jakarta, Indonesia
Size: 101-250
Founders: Ivan Nikolas Tambunan, Rassel Pratomo
Akseleran is a startup in Indonesia that was founded in 2016 and is currently based in Jakarta, Indonesia. The company makes its money through the provision of a P2P lending platform that connects small and medium sized businesses with entities that are willing to make those investments.
The business has gone through a single round of startup funding since it was founded, with the business securing the support of five investors in this round. This culminated in the company raising a total of $8.5 Million.
19. KedaiSayur
Year Founded: 2016
HQ: Kedoya Selatan, Indonesia
Size: 51-100
Founders: Adrian Hernanto
KedaiSayur is an Indonesian startup that was founded in 2016 and is currently based in Kedoya Selatan, Indonesia. That helps people to get the ingredients that they need to run their kitchen, including things like vegetables, various meats, spices, fruits and more.
The business has gone through three rounds of startup funding since it was founded, with the company managing to secure the support of four investors. From these four investors, the company managed to raise $8.8 Million.
20. Sun Energy
Year Founded: 2016
HQ: Jakarta, Indonesia
Size: 101-250
Founders: Unknown
Sun Energy is an Indonesian startup that was founded in 2016 and is currently based in Jakarta, Indonesia. The company makes its money through the provision of commercial solar services, helping companies in the country to switch to greener energy alternatives.
Since being founded, the company has gone through a single round of funding that was supported by a sole investor. This funding round allowed the company to raise a figure of $25 Million.
21. Brankas
Year Founded: 2016
HQ: Jakarta, Indonesia
Size: 11-50
Founders: Kenneth Shaw, Todd Schweitzer
Brankas is a startup in Indonesia that was founded in 2016 and is currently based in Jakarta, Indonesia. The company provides a variety of payment and cash management solutions to businesses in order to help them to get their finances in order.
The business has gone through two rounds of funding since being founded, with seven investors supporting the business. These investors have helped the company to raise a figure of $20 Million.
FAQs
How Many Startups Are There In Indonesia?
As it stands, there are more than 2000 startups currently in Indonesia.
What Are The Strongest Industries in Indonesia?
The strongest industries in Indonesia are the service sector, oil and petroleum, textiles, mining and more.
