5 Biggest and Most Valuable Startup Companies in Indonesia

The startup company in Indonesia is increasing rapidly through the growth of technology.

As per 2019, Indonesia already has the biggest and most valuable startup companies in Indonesia.

There are five startup companies that we will discuss here as they awarded as the biggest and the most valuable startup companies in Indonesia.

The startup companies become such a revelation for other startup companies in Indonesia to assure the company to reach a higher profit.

The startup company will designation as a unicorn for the startup that can reach more than US$1millon of benefit.

Let’s take a look at those five biggest and most valuable startup companies in Indonesia.

1. Gojek

Gojek startup company was pioneered by Nadim Makariem in 2010 and become famous since it was released.

The company is under license by the PT Aplikasi Karya Anak Bangsa.

As the startup company, the profit from the Gojek increase rapidly only in a few years.

That makes the Gojek get the first unicorn for the amazing benefit they reached.

Gojek starts the service in GoCar and GoRide services as the public transportation in Indonesia. They focus on the transportation sector.

After a while, Gojek gets some investor put their investments and Gojek got about US$550 million in 2016.

Gojek becomes larger year after year and has expanded the services such as the GoFood, GoSend, GoMassage, GoClean, and any lifestyle needed.

Gojek also expands the business not only in Indonesia, but also in Singapore, Vietnam, and Thailand.

Now, Gojek reaches about US$114 million of benefits from the expansion.

2. Tokopedia

Tokopedia is a startup e-commerce company that stir in the basic needs of human.

The company is focusing on the online to offline business, such a real market but in online features that becomes the Indonesia lifestyle in shopping thing.

Tokopedia builds by William Tanuwijaya and Leontinus Alpha Edison in 2009.

A few later after it was released, the company has designated a unicorn at a second-place after Gojek.

Tokopedia has a big investment from big famous e-commerce, Alibaba, at about US$1.1 billion in 2017.

Now the product offers from Tokopedia become larger year after year and has more than 90million of the active users doing the business through Tokopedia.

This makes the company reached more than US$7 billion in profits.

3. Traveloka

Traveloka is a big startup company that stirs on travel needs such as a hotel, plane ticket, train ticket, etc.

It provides so much of transportation ticket needed by the buyer.

As we know there are a lot of facts about Indonesia transport which increase highly year by year.

The company builds by Ferry Unardi, Derianto Kusuma, and Albert Zhang in 2012.

It becomes larger as the travel needs from Indonesian travelers increase rapidly year after year.

Traveloka’s promo provides every time makes the traveler decides to buy their travel needs from Traveloka.

This makes the company reaches about US$2 billion in profits.

Since the company got an investment of about US$350 million from the Expedia company in 2017, Traveloka become has stood over the other startup travel company.

4. Bukalapak

Bukalapak almost has a similar type of e-commerce such as a Tokopedia.

The company provides almost every human need as the online shopping becomes such a new Indonesian culture.

Bukalapak builds by Achmad Zaky, Nugroho Herucahyono, and Fajrin Rasyid in 2010.

The company becomes famous such as a Tokopedia as the best online top e-commerce.

Bukalapak got an investment from a South Korean company, called Shinhan GIB.

The company has expanded the business to comfortable online shopping for the buyer and the seller.

So many features provide on Bukalapak make the platform very easy to use.

Year after year as the company becomes bigger it can reach about US$35 billion of profits.

5. OVO

OVO is a unique startup company that provides payment features with cashless payment.

These features make the user are easier to pay any of their needs through online or offline shopping.

It can be about lifestyle shopping, the basic needs of the user, such as food, transport, or any other needs.

OVO successfully ward Indonesian mythology to always bring cash money in their wallet.

The user of OVO becomes larger year by year and that brings the company reach about US$2.9 billion of profit.

This makes OVO more valuable than any other payment platform in Indonesia.

The promo that offers by OVO can go through another startup company such a Grab and also an offline market expanded by Lippo Group.

Those all are the startup company that claims as to the biggest and the most valuable startup companies in Indonesia.

Most of them are builds by a young age that has a million unique ideas.

They prove that their ideas can make something bigger which can be useful for other people.