Top 10 Indonesian Startups of 2025

While headquartered in Singapore, Shopee's Indonesian operation is its largest single market, processing over 40% of the platform's global order volume. Shopee Indonesia employs tens of thousands locally and has consistently held the top spot in the Indonesian e-commerce market since 2019.

Traveloka is Southeast Asia's leading travel technology platform, founded in Jakarta in 2012 and valued at approximately USD 3 billion. The super-app expanded from flight booking into hotels, experiences, financial products, and healthcare, serving over 40 million monthly active users across six countries.

OVO is Indonesia's second-largest digital wallet by active users, processing over 1 billion transactions annually as of 2024. Backed by Grab and Tokopedia, OVO has expanded from payments into insurance, investment, and lending products, making it a key player in Indonesia's drive toward financial inclusion for its 60 million unbanked adults.

Xendit is a payment infrastructure startup founded in 2015 in Jakarta, valued at over USD 1 billion after its Series D funding in 2021, making it one of Indonesia's youngest unicorns. The company processes billions of dollars in payment volume annually for over 5,000 businesses across Southeast Asia.

Ajaib is Indonesia's fastest-growing retail investing app, allowing Indonesians to invest in stocks and mutual funds from as little as IDR 1,000 (approximately USD 0.06). Founded in 2018, it reached unicorn status in 2021 and has over 3 million registered users, with a mission to democratise investing for millennial and Gen Z Indonesians.

Halodoc is Indonesia's leading health-tech platform, connecting patients with over 20,000 licensed doctors for teleconsultations, prescription services, and lab test bookings. Founded in 2016, it secured a USD 100 million funding round in 2023 and serves over 20 million monthly active users, playing a critical role in Indonesia's post-pandemic digital health infrastructure.

Kopi Kenangan is Indonesia's largest tech-enabled grab-and-go coffee chain, founded in 2017 with a focus on affordable premium coffee ordered via app. Backed by Sequoia and KKR, it reached unicorn status in 2021 and operates over 900 outlets across Indonesia, making it the country's fastest-growing F&B startup.

eFishery is an aquaculture technology startup that uses IoT feeders and AI-powered analytics to help fish and shrimp farmers increase yields and reduce feed waste. Founded in Bandung in 2013, it reached unicorn status in 2023 with a valuation of USD 1.6 billion and serves over 50,000 farmers across Indonesia.

Alodokter is one of Indonesia's largest health information and telemedicine platforms, attracting over 30 million monthly visitors to its medical content and connecting patients with more than 40,000 verified doctors. Founded in 2014, it has partnered with BPJS Kesehatan (Indonesia's national health insurance) to expand digital access to healthcare.

While headquartered in Singapore, Shopee's Indonesian operation is its largest single market, processing over 40% of the platform's global order volume. Shopee Indonesia employs tens of thousands locally and has consistently held the top spot in the Indonesian e-commerce market since 2019.

Traveloka is Southeast Asia's leading travel technology platform, founded in Jakarta in 2012 and valued at approximately USD 3 billion. The super-app expanded from flight booking into hotels, experiences, financial products, and healthcare, serving over 40 million monthly active users across six countries.

OVO is Indonesia's second-largest digital wallet by active users, processing over 1 billion transactions annually as of 2024. Backed by Grab and Tokopedia, OVO has expanded from payments into insurance, investment, and lending products, making it a key player in Indonesia's drive toward financial inclusion for its 60 million unbanked adults.

Xendit is a payment infrastructure startup founded in 2015 in Jakarta, valued at over USD 1 billion after its Series D funding in 2021, making it one of Indonesia's youngest unicorns. The company processes billions of dollars in payment volume annually for over 5,000 businesses across Southeast Asia.

Ajaib is Indonesia's fastest-growing retail investing app, allowing Indonesians to invest in stocks and mutual funds from as little as IDR 1,000 (approximately USD 0.06). Founded in 2018, it reached unicorn status in 2021 and has over 3 million registered users, with a mission to democratise investing for millennial and Gen Z Indonesians.

Halodoc is Indonesia's leading health-tech platform, connecting patients with over 20,000 licensed doctors for teleconsultations, prescription services, and lab test bookings. Founded in 2016, it secured a USD 100 million funding round in 2023 and serves over 20 million monthly active users, playing a critical role in Indonesia's post-pandemic digital health infrastructure.

Kopi Kenangan is Indonesia's largest tech-enabled grab-and-go coffee chain, founded in 2017 with a focus on affordable premium coffee ordered via app. Backed by Sequoia and KKR, it reached unicorn status in 2021 and operates over 900 outlets across Indonesia, making it the country's fastest-growing F&B startup.

eFishery is an aquaculture technology startup that uses IoT feeders and AI-powered analytics to help fish and shrimp farmers increase yields and reduce feed waste. Founded in Bandung in 2013, it reached unicorn status in 2023 with a valuation of USD 1.6 billion and serves over 50,000 farmers across Indonesia.

Alodokter is one of Indonesia's largest health information and telemedicine platforms, attracting over 30 million monthly visitors to its medical content and connecting patients with more than 40,000 verified doctors. Founded in 2014, it has partnered with BPJS Kesehatan (Indonesia's national health insurance) to expand digital access to healthcare.