Largest Startups in Indonesia (UNICORN)
Southeast Asia’s tech firms saw US$946 million in disclosed funding in the first half of the year, up slightly from US$827 million in the same period a year prior, the Tech in Asia Database shows. Indonesia’s Tokopedia blew that figure to pieces in August with its US$1.1 billion injection. Alongside upcoming fresh funding for Go-Jek, 2017 looks set to be Indonesia’s biggest year by a large margin . 1. GOJEK With its US$550 million round in August, ride-hailing app Go-Jek shot to unicorn status. It was the single largest funding round for a local startup to date. The investment came from big names in private equity, like KKR, Warburg Pincus, Farallon Capital, and Capital Group Private Markets. Existing shareholders also chipped in again. 2. TOKOPEDIA Tokopedia’s US$147 million round wasn’t officially announced, but Tech in Asia ’s Willis Wee got the scoop . Tokopedia is Indonesia’s largest online marketplace. Its total disclosed fu...