Here's a detailed analysis of top Business Models in rebrand.ly/4wb03l3 Get these reports of any geography delivered to your mailbox for free! Subscribe

1. TRACXN TOP BUSINESS MODELS REPORT
June 22, 2021
INDONESIA TECH

2. Indonesia Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
IndonesiaIndonesia Tech Funding -
Overview
3
Top Funded Business Models 4
One pagers 9
Appendix 52
2

3. Indonesia Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Funding in last 1 year
3
Logistics Tech $891M
Horizontal E-Commerce $884M
Investment Tech $216M
Local Services $104M
K-12 EdTech $68.0M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
East Ventures
Alpha JWC Ventures
Saison Capital
3
3
3
Early
Stage
ACVentures
East Ventures
Insignia Ventures Partners
8
7
7
Late
Stage
East Ventures
MDI Ventures
Temasek
4
4
3
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Tokopedia
(2009, Jakarta)
$350M - Series H
Gojek
(2010, Jakarta)
$300M - Series H
Traveloka
(2012, Jakarta)
$250M - Series D
Bukalapak
(2010, Jakarta)
$234M - Series G
Bukalapak
(2010, Jakarta)
$200M - Series G
SiCepat
(2014, Jakarta)
$170M - Series B
Gojek
(2010, Jakarta)
$150M - Series G
SiCepat
(2014, Jakarta)
$100M - Series B
Bukalapak
(2010, Jakarta)
$100M - Series G
Kredivo
(2015, Jakarta)
$100M -
Convertible Debt
LinkAja
(2019, Jakarta)
$100M - Series B
Waresix
(2017, Jakarta)
$100M - Series B
Jakarta (98%)
Tangerang (2%)
Bandung (0%)
(0%)
(0%)
(0%)

4. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Indonesia Tech - Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1▲1 B2C Hyperlocal Delivery $450M 2 Gojek | $300M | Series H Link
2▲1 Two Wheeler Ride Hailing $450M 2 Gojek | $300M | Series H Link
3▼2 Digital Wallets $450M 4 Gojek | $300M | Series H Link
4-- Last Mile Ecommerce Delivery $270M 2 SiCepat | $170M | Series B Link
5-- Online Travel Agencies $250M 1 Traveloka | $250M | Series D Link
6▲5 Online Self Storage Services Providers $102M 2 Waresix | $100M | Series B Link
7▲5 Warehousing Marketplace $102M 2 Waresix | $100M | Series B Link
8▲5 Warehouse Marketplace $102M 2 Waresix | $100M | Series B Link
9-- Robo Advisors $95.0M 2 Bibit | $65.0M | Series B Link
10▲9 B2B Farm Produce Marketplace $65.5M 1 TaniHub | $65.5M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Indonesia Tech - Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11▲9 B2B Fruits and Vegetables ECommerce Marketplace $65.5M 1 TaniHub | $65.5M | Series B Link
12-- Business Payments Solutions $64.6M 1 Xendit | $64.6M | Series B Link
13▲3 Asset Light E-commerce Delivery $63.0M 1 Shipper | $63.0M | Series B Link
14-- Insurance Comparison Platforms $59.0M 3 PasarPolis | $54.0M | Series B Link
15▼8 Online Beauty and Personal Care Products Retailer $58.0M 2 Sociolla | $58.0M | Series E Link
16-- Drugs for Multiple Cancer Types $55.0M 1 KGbio | $55.0M | Series C Link
17▼13 Online Subscription Based K-12 Academic Tutoring $55.0M 1 Ruangguru | $55.0M | Series C Link
18-- Nephrology Drugs $55.0M 1 KGbio | $55.0M | Series C Link
19-- Brands Ecommerce Software $51.0M 2 SIRCLO | $45.0M | Series B Link
20-- Online B2B Grocery Distributor $28.0M 1 Super | $28.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Indonesia Tech - Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21▲16 Internet First Invoice Financing Marketplace $20.0M 1 Alami Sharia | $20.0M | Series A Link
22-- SMB Accounting $18.0M 1 Mekari | $18.0M | Series D Link
23-- Licensed Sports Apparels E-Commerce $12.0M 1 EVOS | $12.0M | Series B Link
24▲3 Internet First Office Focused Caterer $12.0M 1 Yummy Corp | $12.0M | Series B Link
25-- Online K-12 Math Tutoring $10.0M 1 CoLearn | $10.0M | Series A Link
26-- Group Buying Platforms $10.0M 2 KitaBeli | $10.0M | Series A Link
27-- Online Financial Planner and Advisors $7.7M 1 FUNDtastic | $7.7M | Series A Link
28▼18 Truck Booking Marketplace $6.0M 1 Logisly | $6.0M | Series A Link
29-- Crypto Trading Platforms $6.0M 1 Pintu | $6.0M | Series A Link
30-- On Demand Pay $5.6M 1 Wagely | $5.6M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Indonesia Tech - Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31-- Hybrid Cloud Service $5.0M 1 IDCloudHost | $5.0M | Series A Link
32▲4 Blue Collar Job Boards $5.0M 1 Sampingan | $5.0M | Series A Link
33-- Audit Management System $4.6M 1 Nimbly Technologies | $4.6M | Seed Link
34-- Mutual Funds Investment Platforms $3.5M 1 Bareksa | $3.5M | Series A Link
35-- Healthcare Booking Platforms $3.0M 1 Prixa | $3.0M | Seed Link
36-- Online Language Tutoring $3.0M 1 Cakap | $3.0M | Series A Link
37-- Field Sales Software $2.8M 1 Advotics | $2.8M | Seed Link
38-- Plant Based Meat Substitutes $2.0M 1 Green Butcher | $2.0M | Seed Link
39-- Plant Based Meat Product Brands $2.0M 1 Green Butcher | $2.0M | Seed Link
40-- Referral Marketing Platform $1.0M 2 TADA | $1.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Indonesia Tech - Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41-- Customer Retention $1.0M 2 TADA | $1.0M | Series B Link
42▼33 Internet First P2P Business Loans $485K 2 Indofund.id | $485K | Seed Link
43-- Ecommerce Chatbots $125K 1 Chatbiz.id | $125K | Seed Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
B2C Hyperlocal Delivery - Indonesia
01
9
Back to index
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$450M (▼64%)
2(▼71.4%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$4.9B
4
-
49
1
Logistics Tech (Shipper)
(# Cos: 164 | $5.5B)
Parcel (Paxel)
(# Cos: 84 | $4.9B)
Hyperlocal Delivery (Wakuliner)
(# Cos: 59 | $4.9B)
B2C (Gojek)
(# Cos: 49 | $4.9B)
Gojek
(2010, Jakarta, $4.9B)
Wakuliner
(2015, Jakarta)
Teknojek
(2015, Tangerang)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Gojek (2010, Jakarta)
$300M - Series H - May 2021
Gojek (2010, Jakarta)
$150M - Series G - Nov 2020

10. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Gojek (2010, Jakarta)
$300M - Series H - May 2021
Gojek (2010, Jakarta)
$150M - Series G - Nov 2020
Two Wheeler Ride Hailing - Indonesia
02
10
Back to index
Road Transport Tech (Bustiket)
(# Cos: 144 | $4.9B)
Ride Hailing (Teknojek)
(# Cos: 59 | $4.9B)
Motorized Two-Wheelers (Gojek)
(# Cos: 28 | $4.9B)
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$450M (▼64%)
2(▼71.4%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.9B
3
-
28
1
Gojek
(2010, Jakarta, $4.9B)
Teknojek
(2015, Tangerang)
Bonceng
(2018, Jakarta)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

11. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Gojek (2010, Jakarta)
$300M - Series H - May 2021
Gojek (2010, Jakarta)
$150M - Series G - Nov 2020
LinkAja (2019, Jakarta)
$100M - Series B - Nov 2020
LinkAja (2019, Jakarta)
Undisclosed - Series B - Dec 2020
Digital Wallets - Indonesia
03
11
Back to index
Payments (PAYFAZZ)
(# Cos: 245 | $5.2B)
Consumer Payments (OVO)
(# Cos: 130 | $5.0B)
Wallets (Gojek)
(# Cos: 52 | $5.0B)
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$450M (▼64%)
4(▼60%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$5.0B
10
-
52
5
Gojek
(2010, Jakarta, $4.9B)
OVO
(2015, Jakarta)
LinkAja
(2019, Jakarta, $100M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

12. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
SiCepat (2014, Jakarta)
$170M - Series B - Mar 2021
SiCepat (2014, Jakarta)
$100M - Series B - Dec 2020
Last Mile Ecommerce Delivery -
Indonesia
04
12
Back to index
Logistics Tech (Gojek)
(# Cos: 164 | $5.5B)
Ecommerce Logistics (Shipper)
(# Cos: 21 | $413M)
Last Mile (SiCepat)
(# Cos: 5 | $324M)
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$270M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$324M
1
-
5
1
SiCepat
(2014, Jakarta, $324M)
Ninja Xpress
(2014, Jakarta)
JETexpress
(2015, Tangerang)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

13. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Traveloka (2012, Jakarta)
$250M - Series D - Jul 2020
Online Travel Agencies - Indonesia
05
13
Back to index
Online Travel (Bobobox)
(# Cos: 282 | $1.1B)
Horizontal (Tiket.com)
(# Cos: 53 | $1.0B)
Online Agency (Traveloka)
(# Cos: 43 | $1.0B)
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$250M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$1.0B
3
-
43
1
Traveloka
(2012, Jakarta, $1.0B)
Tiket.com
(2011, Jakarta, $1.0M)
PegiPegi
(2012, Jakarta)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

14. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Waresix (2017, Jakarta)
$100M - Series B - Sep 2020
Waresix (2017, Jakarta)
$1.9M - Series B - Feb 2021
Online Self Storage Services Providers -
Indonesia
06
14
Back to index
Local Services (SweetEscape)
(# Cos: 172 | $141M)
Storage Services (AdaGudang)
(# Cos: 4 | $129M)
B2C (Waresix)
(# Cos: 4 | $129M)
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$102M (▲300%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$129M
1
-
4
1
Waresix
(2017, Jakarta, $129M)
AdaGudang
(2018, Surabaya)
Izzy Storage
(2016, Tangerang)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

15. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Warehousing Marketplace - Indonesia
07
15
Back to index
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$102M (▲300%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$129M
1
-
3
1
Logistics Tech (Gojek)
(# Cos: 164 | $5.5B)
Warehousing (AdaGudang)
(# Cos: 10 | $131M)
On Demand Warehousing (Crewdible)
(# Cos: 4 | $131M)
Marketplace (Waresix)
(# Cos: 3 | $129M)
Waresix
(2017, Jakarta, $129M)
AdaGudang
(2018, Surabaya)
Izzy Storage
(2016, Tangerang)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Waresix (2017, Jakarta)
$100M - Series B - Sep 2020
Waresix (2017, Jakarta)
$1.9M - Series B - Feb 2021

16. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Waresix (2017, Jakarta)
$100M - Series B - Sep 2020
Waresix (2017, Jakarta)
$1.9M - Series B - Feb 2021
Warehouse Marketplace - Indonesia
08
16
Back to index
SCM Software (Indoproc)
(# Cos: 21 | $129M)
Warehouse Management (Moodah)
(# Cos: 13 | $129M)
Warehousing Marketplaces (Waresix)
(# Cos: 1 | $129M)
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$102M (▲300%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$129M
1
-
1
1
Waresix
(2017, Jakarta, $129M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

17. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Robo Advisors - Indonesia
09
17
Back to index
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$95.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$95.0M
1
-
3
0
Investment Tech (Ajaib)
(# Cos: 129 | $225M)
Wealth Management Platforms (Finansialku)
(# Cos: 31 | $103M)
Robo Advisors (Bibitnomic)
(# Cos: 5 | $95.0M)
Horizontal (Bibit)
(# Cos: 3 | $95.0M)
Bibit
(2016, Jakarta, $95.0M)
Monicca
(2016, Bandung)
Fina
(2016, Jakarta)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Bibit (2016, Jakarta)
$65.0M - Series B - May 2021
Bibit (2016, Jakarta)
$30.0M - Series A - Jan 2021

18. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
B2B Farm Produce Marketplace -
Indonesia
10
18
Back to index
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$65.5M (▲285%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$94.0M
1
-
3
1
Online Grocery (Lemonilo)
(# Cos: 103 | $190M)
B2B Ecommerce (Super)
(# Cos: 11 | $130M)
Farm Produce (PanenID)
(# Cos: 6 | $94.0M)
Multi-Category (Sikumis)
(# Cos: 3 | $94.0M)
Marketplace (TaniHub)
(# Cos: 3 | $94.0M)
TaniHub
(2015, Jakarta, $94.0M)
Sikumis
(2014, Jakarta)
Sipanen
(2016, Yogyakarta)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
TaniHub (2015, Jakarta)
$65.5M - Series B - May 2021

19. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
B2B Fruits and Vegetables ECommerce
Marketplace - Indonesia
11
19
Back to index
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$65.5M (▲285%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$94.0M
2
-
8
1
Crop Tech (iGrow)
(# Cos: 86 | $105M)
ECommerce (Agromaret)
(# Cos: 33 | $104M)
Farm Produce (Chilibeli)
(# Cos: 23 | $104M)
B2B (Brambang)
(# Cos: 10 | $94.0M)
Fruits and Vegetables (PanenID)
(# Cos: 9 | $94.0M)
Marketplace (TaniHub)
(# Cos: 8 | $94.0M)
TaniHub
(2015, Jakarta, $94.0M)
PanenID
(2016, Denpasar)
Brambang
(2016, Jakarta)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
TaniHub (2015, Jakarta)
$65.5M - Series B - May 2021

20. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Xendit (2014, Jakarta)
$64.6M - Series B - Mar 2021
Business Payments Solutions - Indonesia
12
20
Back to index
Payments (Gojek)
(# Cos: 245 | $5.2B)
Business Payments (PAYFAZZ)
(# Cos: 98 | $207M)
Diversified (Xendit)
(# Cos: 7 | $88.0M)
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$64.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$88.0M
1
-
7
1
Xendit
(2014, Jakarta, $88.0M)
Doku
(2007, Jakarta)
Indopay
(2005, Jakarta)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

21. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Asset Light E-commerce Delivery -
Indonesia
13
21
Back to index
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$63.0M (▲215%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$88.0M
1
-
1
1
Logistics Tech (Gojek)
(# Cos: 164 | $5.5B)
Ecommerce Logistics (SiCepat)
(# Cos: 21 | $413M)
End to End Delivery Services (Iruna)
(# Cos: 7 | $88.0M)
Asset Light (Shipper)
(# Cos: 1 | $88.0M)
Shipper
(2016, Jakarta, $88.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Shipper (2016, Jakarta)
$63.0M - Series B - Apr 2021

22. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
PasarPolis (2015, Jakarta)
$54.0M - Series B - Sep 2020
PasarPolis (2015, Jakarta)
$5.0M - Series B - Feb 2021
Cermati (2014, Jakarta)
Undisclosed - Series C - May 2021
Insurance Comparison Platforms -
Indonesia
14
22
Back to index
Internet First Insurance Platforms (Qoala)
(# Cos: 29 | $77.5M)
Insurance Comparison Platforms (PasarPolis)
(# Cos: 25 | $62.5M)
Diversified (Cermati)
(# Cos: 21 | $62.5M)
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$59.0M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$62.5M
5
-
21
2
Cermati
(2014, Jakarta, $3.5M)
PasarPolis
(2015, Jakarta, $59.0M)
CekAja
(2013, Jakarta)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

23. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Online Beauty and Personal Care Products
Retailer - Indonesia
15
23
Back to index
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$58.0M (▲45%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$110M
3
-
22
1
Beauty Tech (Female Daily)
(# Cos: 86 | $111M)
Ecommerce (Everwhite)
(# Cos: 64 | $110M)
Multi Category (Perfect Beauty)
(# Cos: 30 | $110M)
Full Range (Ponny Beaute)
(# Cos: 28 | $110M)
Retail (Sociolla)
(# Cos: 22 | $110M)
Sociolla
(2014, Jakarta, $110M)
Ponny Beaute
(2014, Jakarta)
Perfect Beauty
(2014, Jakarta)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Sociolla (2014, Jakarta)
$58.0M - Series E - Jul 2020
Sociolla (2014, Jakarta)
Undisclosed - Series E - May 2021

24. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Drugs for Multiple Cancer Types -
Indonesia
16
24
Back to index
Drugs (KGbio)
(# Cos: 2 | $55.0M)
Diversified (Eisai)
(# Cos: 2 | $55.0M)
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$55.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$55.0M
2
1
2
1
Eisai
(1941, Jakarta)
KGbio
(2016, Jakarta, $55.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
KGbio (2016, Jakarta)
$55.0M - Series C - Jan 2021

25. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Online Subscription Based K-12
Academic Tutoring - Indonesia
17
25
Back to index
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$55.0M (▼63.3%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$205M
1
-
2
1
K-12 EdTech (Quipper)
(# Cos: 127 | $248M)
B2C Learning Solutions (Widya Edu)
(# Cos: 46 | $235M)
School Curriculum (CoLearn)
(# Cos: 37 | $235M)
Multi Subject (SoalOnline)
(# Cos: 35 | $225M)
Online Tutoring (PT Zenius Education)
(# Cos: 7 | $225M)
Subscription (Ruangguru)
(# Cos: 2 | $205M)
Ruangguru
(2014, Jakarta, $205M)
Douroosi
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ruangguru (2014, Jakarta)
$55.0M - Series C - Apr 2021

26. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Nephrology Drugs - Indonesia
18
26
Back to index
Drugs (KGbio)
(# Cos: 1 | $55.0M)
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$55.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$55.0M
1
-
1
1
KGbio
(2016, Jakarta, $55.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
KGbio (2016, Jakarta)
$55.0M - Series C - Jan 2021

27. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Brands Ecommerce Software - Indonesia
19
27
Back to index
Brands Tech (Snapcart)
(# Cos: 4 | $70.7M)
ECommerce Software (SIRCLO)
(# Cos: 1 | $56.0M)
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$51.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$56.0M
1
-
1
1
SIRCLO
(2013, Tangerang, $56.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SIRCLO (2013, Tangerang)
$45.0M - Series B - May 2021
SIRCLO (2013, Tangerang)
$6.0M - Series B - Aug 2020

28. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Online B2B Grocery Distributor -
Indonesia
20
28
Back to index
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$28.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$36.0M
1
-
1
1
Online Grocery (Lemonilo)
(# Cos: 103 | $190M)
B2B Ecommerce (TaniHub)
(# Cos: 11 | $130M)
Multi-Category (KlikDaily)
(# Cos: 2 | $36.0M)
E-Distributor (Super)
(# Cos: 1 | $36.0M)
Super
(2016, Jakarta, $36.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Super (2016, Jakarta)
$28.0M - Series B - Apr 2021

29. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Internet First Invoice Financing
Marketplace - Indonesia
21
29
Back to index
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$20.0M (▲1233%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$30.1M
3
-
6
2
Alternative Lending (Akulaku)
(# Cos: 155 | $782M)
Online Lenders (Kredivo)
(# Cos: 134 | $642M)
Business Loans (Modalku)
(# Cos: 34 | $113M)
Trade Finance (ASYX)
(# Cos: 7 | $30.1M)
Invoice Financing (Alami Sharia)
(# Cos: 6 | $30.1M)
Marketplace (AwanTunai)
(# Cos: 6 | $30.1M)
AwanTunai
(2017, Jakarta, $8.6M)
Alami Sharia
(2017, Jakarta, $21.5M)
ASYX
(2006, Jakarta)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Alami Sharia (2017, Jakarta)
$20.0M - Series A - Jan 2021

30. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
SMB Accounting - Indonesia
22
30
Back to index
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$18.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$18.0M
5
-
41
2
Finance & Accounting Tech (OnlinePajak)
(# Cos: 83 | $140M)
Accounting Solutions (BukuKas)
(# Cos: 68 | $140M)
Accounting Suite (Mekari)
(# Cos: 44 | $18.0M)
SMBs (Jurnal)
(# Cos: 41 | $18.0M)
Jurnal
(2014, Jakarta)
Mekari
(2015, Jakarta, $18.0M)
Folio
(2014, Jakarta)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Mekari (2015, Jakarta)
$18.0M - Series D - May 2021

31. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Licensed Sports Apparels E-Commerce -
Indonesia
23
31
Back to index
Licensed Merchandise E-Commerce (Demajors)
(# Cos: 2 | $12.0M)
Apparel (EVOS)
(# Cos: 1 | $12.0M)
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$12.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$12.0M
1
-
1
1
EVOS
(2016, Jakarta, $12.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
EVOS (2016, Jakarta)
$12.0M - Series B - Oct 2020

32. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Internet First Office Focused Caterer -
Indonesia
24
32
Back to index
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$12.0M (▲54.8%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$19.8M
1
-
4
1
Food Tech (Fore Coffee)
(# Cos: 119 | $69.1M)
Catering (Redkendi)
(# Cos: 8 | $19.8M)
Office Focused (Mangan)
(# Cos: 5 | $19.8M)
Internet First Caterer (Yummy
Corp)
(# Cos: 4 | $19.8M)
Yummy Corp
(2017, Jakarta, $19.8M)
Yummybox
(2017, South Tangerang)
Nourish Within
(2018, Bali)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Yummy Corp (2017, Jakarta)
$12.0M - Series B - Sep 2020

33. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Online K-12 Math Tutoring - Indonesia
25
33
Back to index
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$10.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$10.0M
1
-
1
1
K-12 EdTech (Quipper)
(# Cos: 127 | $248M)
B2C Learning Solutions (PT Zenius Education)
(# Cos: 46 | $235M)
School Curriculum (Ruangguru)
(# Cos: 37 | $235M)
Math (TweakNow)
(# Cos: 2 | $10.0M)
Online Tutoring (CoLearn)
(# Cos: 1 | $10.0M)
CoLearn
(2019, Jakarta, $10.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CoLearn (2019, Jakarta)
$10.0M - Series A - Apr 2021

34. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
KitaBeli (2020, Jakarta)
$10.0M - Series A - Mar 2021
KitaBeli (2020, Jakarta)
Undisclosed - Seed - Aug 2020
Group Buying Platforms - Indonesia
26
34
Back to index
Social Commerce (Chilibeli)
(# Cos: 15 | $31.4M)
Group Buying (Tukulaku)
(# Cos: 3 | $10.0M)
Diversified (KitaBeli)
(# Cos: 3 | $10.0M)
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$10.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$10.0M
1
-
3
1
KitaBeli
(2020, Jakarta, $10.0M)
Tukulaku
(2018, Jakarta)
BoxAladin
(2016, Yogyakarta)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

35. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
FUNDtastic (2018, Jakarta)
$7.7M - Series A - Jan 2021
Online Financial Planner and Advisors -
Indonesia
27
35
Back to index
Investment Tech (Ajaib)
(# Cos: 129 | $225M)
Wealth Management Platforms (Bibit)
(# Cos: 31 | $103M)
Financial Planners and Advisors
(Finansialku)
(# Cos: 7 | $7.7M)
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$7.7M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$7.7M
4
-
7
1
Finansialku
(2013, Bandung)
FUNDtastic
(2018, Jakarta, $7.7M)
HaloFina
(2017, Bandung)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

36. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Truck Booking Marketplace - Indonesia
28
36
Back to index
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$6.0M (▼80.6%)
1(▼66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$58.5M
4
-
8
3
Logistics Tech (Gojek)
(# Cos: 164 | $5.5B)
Freight (Trukita)
(# Cos: 48 | $58.5M)
Trucking (Logisly)
(# Cos: 32 | $58.5M)
Heavy Cargo (Ritase.com)
(# Cos: 8 | $58.5M)
Marketplace (Kargo)
(# Cos: 8 | $58.5M)
Kargo
(2018, Jakarta, $38.6M)
Ritase.com
(2018, Jakarta, $12.9M)
Logisly
(2018, Jakarta, $7.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Logisly (2018, Jakarta)
$6.0M - Series A - Nov 2020

37. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Crypto Trading Platforms - Indonesia
29
37
Back to index
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$6.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$6.0M
1
-
8
1
Cryptocurrencies (Tokocrypto)
(# Cos: 104 | $6.0M)
Financial Services (Pundi X)
(# Cos: 70 | $6.0M)
Investment Industry (Indodax)
(# Cos: 54 | $6.0M)
Online Trading Platforms (NOBI)
(# Cos: 13 | $6.0M)
Regular Trading (Pintu)
(# Cos: 8 | $6.0M)
Pintu
(2016, Jakarta, $6.0M)
Coinone Indonesia
(2017, Jakarta)
DCX
(2019, Jakarta)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Pintu (2016, Jakarta)
$6.0M - Series A - May 2021

38. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
On Demand Pay - Indonesia
30
38
Back to index
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$5.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$5.6M
1
-
1
1
HRTech (Talenta.co)
(# Cos: 237 | $30.8M)
Employee Benefits (Bondulu)
(# Cos: 5 | $5.6M)
Financial Benefits (EBenefit)
(# Cos: 3 | $5.6M)
On Demand Pay (Wagely)
(# Cos: 1 | $5.6M)
Wagely
(2019, Jakarta, $5.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Wagely (2019, Jakarta)
$5.6M - Series A - Jun 2021

39. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
IDCloudHost (2015, Bandung)
$5.0M - Series A - Mar 2021
Hybrid Cloud Service - Indonesia
31
39
Back to index
Cloud Infrastructure (Biznet Gio)
(# Cos: 7 | $5.0M)
IaaS (Cloudmatika)
(# Cos: 6 | $5.0M)
Hybrid Cloud (IDCloudHost)
(# Cos: 2 | $5.0M)
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$5.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$5.0M
1
-
2
1
IDCloudHost
(2015, Bandung, $5.0M)
Cloud Supply Asia
(2015, Jakarta)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

40. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Sampingan (2018, Jakarta)
$5.0M - Series A - Jan 2021
Blue Collar Job Boards - Indonesia
32
40
Back to index
HRTech (Talenta.co)
(# Cos: 237 | $30.8M)
Job Board (TopKarir)
(# Cos: 86 | $7.1M)
Blue Collar (Sampingan)
(# Cos: 5 | $7.1M)
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$5.0M (▲233%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$7.1M
2
-
5
1
Sampingan
(2018, Jakarta, $7.1M)
LOKAL
(2019, Palembang)
TEMU
(2015, Jakarta)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

41. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Nimbly Technologies (2018, Jakarta)
$4.6M - Seed - Mar 2021
Audit Management System - Indonesia
33
41
Back to index
GRC Software (Canary Whistleblowing System)
(# Cos: 3 | $5.7M)
Compliance (Safepedia)
(# Cos: 2 | $5.7M)
Audit Management System (Nimbly
Technologies)
(# Cos: 1 | $5.7M)
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$4.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$5.7M
1
-
1
1
Nimbly Technologies
(2018, Jakarta, $5.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

42. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Mutual Funds Investment Platforms -
Indonesia
34
42
Back to index
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$3.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$3.5M
1
-
5
0
Investment Tech (Pluang)
(# Cos: 129 | $225M)
Online Trading Platforms (Ajaib)
(# Cos: 57 | $95.8M)
Public Market Funds (tanamduit)
(# Cos: 5 | $3.5M)
Mutual Funds (Bareksa)
(# Cos: 5 | $3.5M)
Bareksa
(2013, Jakarta, $3.5M)
tanamduit
(2015, Jakarta)
INVISEE
(2015, Jakarta)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Bareksa (2013, Jakarta)
$3.5M - Series A - Dec 2020

43. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Healthcare Booking Platforms -
Indonesia
35
43
Back to index
Healthcare Booking Platforms (Halodoc)
(# Cos: 118 | $237M)
Diversified (Prixa)
(# Cos: 7 | $4.5M)
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$3.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$4.5M
2
-
7
0
Prixa
(2019, Jakarta, $4.5M)
Medika App
(2016, Jakarta, $50.0K)
Antre
(2017, Semarang)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Prixa (2019, Jakarta)
$3.0M - Seed - Jun 2021

44. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Online Language Tutoring - Indonesia
36
44
Back to index
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$3.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$3.0M
2
-
5
0
Continued Learning (Circledoo)
(# Cos: 87 | $3.2M)
Vocational (Arkademi)
(# Cos: 42 | $3.2M)
Language Learning (Program BISA)
(# Cos: 18 | $3.0M)
Multi Language (Bahaso)
(# Cos: 9 | $3.0M)
Online Tutoring (Cakap)
(# Cos: 5 | $3.0M)
Cakap
(2013, Jakarta, $3.0M)
Thunder Teacher
(2019, Bekasi)
BIPALOKA
(2019, Malang)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cakap (2013, Jakarta)
$3.0M - Series A - Dec 2020

45. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Field Sales Software - Indonesia
37
45
Back to index
Sales Force Automation (Qontak)
(# Cos: 25 | $5.5M)
Field Sales Software (Advotics)
(# Cos: 4 | $5.5M)
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$2.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$5.5M
1
-
4
1
Advotics
(2016, Jakarta, $5.5M)
Bisfor
(2017, Jakarta)
Trivio
(2017, Jakarta)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Advotics (2016, Jakarta)
$2.8M - Seed - Mar 2021

46. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Plant Based Meat Substitutes -
Indonesia
38
46
Back to index
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$2.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.0M
2
-
2
0
Food Tech (Fore Coffee)
(# Cos: 119 | $69.1M)
Novel Foods (Dama)
(# Cos: 4 | $2.0M)
Food Products (Colby's Farm)
(# Cos: 4 | $2.0M)
Meat Substitute (Green Rebel)
(# Cos: 2 | $2.0M)
Plant Based (Green Butcher)
(# Cos: 2 | $2.0M)
Green Butcher
(2020, Jakarta, $2.0M)
Green Rebel
(2021, Jakarta)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Green Butcher (2020, Jakarta)
$2.0M - Seed - Feb 2021

47. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Plant Based Meat Product Brands -
Indonesia
39
47
Back to index
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$2.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.0M
1
-
1
0
Food & Beverage Products (GarudaFood)
(# Cos: 276 | $152M)
Grocery & Staples (Lemonilo)
(# Cos: 46 | $2.0M)
Meat Products (Meyer Food)
(# Cos: 5 | $2.0M)
Multi-category (So Good)
(# Cos: 4 | $2.0M)
Plant Based (Green Butcher)
(# Cos: 1 | $2.0M)
Green Butcher
(2020, Jakarta, $2.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Green Butcher (2020, Jakarta)
$2.0M - Seed - Feb 2021

48. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
TADA (2012, Jakarta)
$1.0M - Series B - Jun 2020
TADA (2012, Jakarta)
Undisclosed - Series B - Apr 2021
Referral Marketing Platform - Indonesia
40
48
Back to index
Loyalty Software (OVO)
(# Cos: 25 | $25.4M)
Engagement Based Rewards (Snapcart)
(# Cos: 5 | $25.4M)
Referral Based Rewards (TADA)
(# Cos: 2 | $7.8M)
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$1.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$7.8M
1
-
2
1
TADA
(2012, Jakarta, $7.8M)
CAULY GC
(2016, Jakarta)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

49. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Customer Retention - Indonesia
41
49
Back to index
Customer Success Management (AiSensum)
(# Cos: 6 | $7.8M)
Customer Retention (TADA)
(# Cos: 1 | $7.8M)
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$1.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$7.8M
1
-
1
1
TADA
(2012, Jakarta, $7.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
TADA (2012, Jakarta)
$1.0M - Series B - Jun 2020
TADA (2012, Jakarta)
Undisclosed - Series B - Apr 2021

50. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Internet First P2P Business Loans -
Indonesia
42
50
Back to index
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$485K (▼98.5%)
2(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$39.6M
5
-
12
3
Alternative Lending (Akulaku)
(# Cos: 155 | $782M)
Online Lenders (Kredivo)
(# Cos: 134 | $642M)
Business Loans (AwanTunai)
(# Cos: 34 | $113M)
Diversified (Digiasia)
(# Cos: 14 | $39.6M)
Marketplace (Acceleration)
(# Cos: 13 | $39.6M)
P2P (Investree)
(# Cos: 12 | $39.6M)
Investree
(2015, Jakarta, $23.5M)
Acceleration
(2016, Jakarta, $8.6M)
Digiasia
(2017, Jakarta, $7.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Indofund.id (2018, Jakarta)
$485K - Seed - Sep 2020
PinjamWinwin (2014, Surabaya)
Undisclosed - Seed - Jan 2021

51. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Recent Funding Rounds
Ecommerce Chatbots - Indonesia
43
51
Back to index
Taxonomy
$ Invested in last 1 year in Indonesia
Tech
Key Stats
# Funding Rounds in last 1 year in
Indonesia Tech
$125K ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$125K
1
-
2
0
Chatbots (Kata.ai)
(# Cos: 26 | $3.6M)
Industry Specific (Botika)
(# Cos: 6 | $125K)
Ecommerce (Izza Bot)
(# Cos: 2 | $125K)
Customer Engagement (Chatbiz.id)
(# Cos: 2 | $125K)
Chatbiz.id
(2018, Bandung, $125K)
Izza Bot
(2019, Jakarta)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Chatbiz.id (2018, Bandung)
$125K - Seed - Jan 2021

52. Indonesia Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent funding rounds
Investment Trends
Most Active Investors
Top Funded Business Models
Explore more on Tracxn
All Tech Companies
Indonesia Tech Companies
Online Travel Companies
Companies using AI in Healthcare
Companies founded by Stanford GSB Alumni
Soonicorn club in Fintech
Analyst Picks in Indonesia Tech
Key News in FinTech
Events in United States
Angel Investors in Indonesia
Bluebox
Companies Investment Activity
Miscellaneous
Company Detail Page of Traveloka
Competitors of Kredivo
Cap Table for TransferWise
Financials for Ola
Employee Count for Revolut
Company Due Diligence Exits
Public Companies
Acquired Companies
Most Active Acquirers
Reports
Delhivery - Company Report
Novel Foods - Business Model Report
HRTech - Feed Report
FinTech - Top Business Models Report
US Tech - Top Business Models Report
US Tech - Monthly Report
52

53. Indonesia Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Explore other Reports on Tracxn
HRTech
InsurTech
Food Tech
Novel Foods
Blockchain Network
P2P Remittance
Business Model Reports
Consumer Digital -
Indonesia
Enterprise Tech - Indonesia
HiTech US
Feed Geo Reports
Company Reports
Monthly Unicorn Report
Unicorn Reports
Transferwise
Coursera
BigBasket
Feed Reports Top Business Models in PA
FinTech
Enterprise Applications
Artificial Intelligence
Geo Monthly Reports
US Tech
Europe Tech
China Tech
Top Business Models in Geo
India Tech
Israel Tech
UK & Ireland Tech
53

54. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech - Top Business Models Report
Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Private Limited including but not limited to the
information contained herein ("Data") is the sole property of Tracxn Technologies Private Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or
sell the Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any
portion thereof; to any other party, except with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the
Data into analysis, presentations or tools for your customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information.
For further information please refer to our Terms of Use at www.tracxn.com