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 AsiaDatabase 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 funding should now sit at a total of $247.7 million. The startup did not disclose the specific investors that participated in this latest round. Among Tokopedia’s previous investors are SoftBank and Sequoia.
3. TRAVELOKA
Traveloka was founded in Indonesia in 2012, and today it services Southeast Asia’s six primary markets — Indonesia, Thailand, Malaysia, Singapore, Vietnam and the Philippines. The startup previously raised seed funding rounds from East Ventures and Rocket Internet’s Global Founders Capital, but its most recent public round was way back in 2013.
Expedia is deepening its focus on Southeast Asia after it invested $350 million in Traveloka, an online travel portal based out of Indonesia.
4. BUKALAPAK
Indonesian e-commerce startup Bukalapak has raised a new funding round which is claimed to put the company into unicorn status.
First reported by Tempo on Thursday, Bukalapak CEO Achmad Zaky said that the company has reached over US$1 billion valuation following an undisclosed funding round.
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