All Rankings

Top 100 Indonesian Startups 2026

The most-funded private companies headquartered in Indonesia, ranked by total capital raised.

Known total funding for 100 of 100 ranked companies: $18.7B.

Showing top 100 matching companies · Ranked by total funding raised

Use company data through the API.
Example request
curl "https://indexed.vc/api/v1/companies?countries=Indonesia&operatingStatus=active&sort=total_funding_raised&order=desc&limit=100" -H "X-API-Key: YOUR_API_KEY"

The API has no company type filter, so public companies can appear; this list counts private companies only.

The API cannot leave out companies whose latest round is a grant, private equity or debt financing; this list does.

Data from Indexed.vcUpdated

Methodology: up to 100 active companies matching this list's filters are ordered by disclosed total funding in USD. Companies whose latest round is one of: Grant, Private Equity, Debt Financing are excluded. Totals include recorded grants and other qualifying funding, not just equity. Open a company profile for its funding summary and available detail. How this data is built.

1
Gojek

Indonesia's leading on-demand super-app offering ride-hailing, food delivery, logistics, payments...

Jakarta, Indonesia5001–10000Delivery, E-Commerce
Corporate RoundTotal funding$7.6BMay 2021
2
Tokopedia

Tokopedia is Indonesia's leading e-commerce marketplace connecting millions of merchants and cons...

Jakarta, Indonesia5001–10000E-Commerce, Marketplace
Corporate RoundTotal funding$2.0BDec 2023
3
Traveloka

Online travel marketplace for consumers to book flights, hotels, and activities across Southeast ...

Jakarta, Indonesia1001–5000Travel & Hospitality, Marketplace
Venture RoundTotal funding$1.0BJul 2020
4
Kredivo

Kredivo provides Indonesian consumers with instant digital credit for online and offline purchase...

Jakarta, Indonesia1001–5000Financial Services, Fintech
Series DTotal funding$655.0MMar 2023
5
Ajaib

Ajaib is an Indonesian online investment platform that lets individual investors trade stocks, fu...

Jakarta, Indonesia201–500Fintech, Financial Services
Series CTotal funding$515.1MAug 2026
6
Xendit

Xendit provides payment infrastructure that helps businesses accept, send, and manage payments ac...

Jakarta, Indonesia501–1000Fintech, Payments
Series DTotal funding$514.6MMay 2022
7
Akulaku

Southeast Asian digital finance platform providing consumer credit, buy now pay later, digital ba...

Jakarta, Indonesia1001–5000Banking, Fintech
Series ETotal funding$430.0MFeb 2022
8
DANA

Indonesia's leading digital wallet platform enabling cashless payments, financial services, and i...

Jakarta, Indonesia501–1000Fintech, Financial Services
Series DTotal funding$256.8MAug 2022
9
Halodoc

Indonesia's digital health platform offering teleconsultations, medicine delivery, lab tests, and...

Jakarta, Indonesia501–1000Healthcare
Series DTotal funding$245.0MJul 2023
10
Sirclo

SIRCLO provides integrated omnichannel commerce services that help Indonesian enterprise brands m...

Jakarta, Indonesia1001–5000E-Commerce, Data & Analytics
Venture RoundTotal funding$230.8MJul 2025
11
Kopi Kenangan

Indonesian grab-and-go coffee chain that became Southeast Asia's first F&B unicorn, operating tho...

Jakarta, Indonesia1001–5000Food & Beverage, Retail
Series CTotal funding$225.0MDec 2021
12
Ruangguru

Ruangguru delivers technology-based virtual classes, online exams, subscription learning videos, ...

Jakarta, Indonesia1001–5000SaaS
Series CTotal funding$205.0MApr 2021
13
Bank Jago

Indonesian digital bank offering life-centric financial services embedded in the country's digita...

Jakarta, Indonesia501–1000Fintech
Corporate RoundTotal funding$200.0MDec 2020
14
FAZZ

FAZZ offers digital financial services, including payment acceptance, POS, EDC, QRIS, and corpora...

Jakarta, Indonesia201–500Banking, Fintech
Venture RoundTotal funding$186.6MAug 2026
15
Modalku

Modalku is an Indonesian digital financing platform that helps small businesses access funding to...

Jakarta, Indonesia501–1000Fintech, SaaS
Series CTotal funding$176.4MFeb 2022
16
Bibit

Bibit is an Indonesian robo-advisor app for mutual funds, bonds, SBN, and stocks, helping beginne...

Jakarta, Indonesia51–200Fintech, Wealth Management
Series CTotal funding$175.0MMay 2022
17
Moladin

Indonesian used car marketplace and automotive financing platform empowering agents to buy and se...

Jakarta, Indonesia1001–5000E-Commerce
Series CTotal funding$172.0MNov 2025
18
Pintu

Mobile-first Indonesian cryptocurrency exchange enabling retail users to buy, sell, and trade cry...

Jakarta, Indonesia201–500Crypto & Web3, Fintech
Series BTotal funding$154.0MJun 2022
19
Shipper

Shipper provides integrated digital logistics for Indonesian businesses, including shipping, ware...

Jakarta, Indonesia501–1000E-Commerce, Logistics
Venture RoundTotal funding$148.9MJan 2025
20
Waresix

Waresix provides an integrated logistics platform combining warehouse management and end-to-end s...

Jakarta, Indonesia201–500Logistics
Venture RoundTotal funding$145.4MAug 2026
21
Sayurbox

Indonesian e-grocery platform connecting farmers directly to consumers and businesses, delivering...

Jakarta, Indonesia201–500E-Commerce, Grocery
Series CTotal funding$140.1MMar 2022
22
BeautyHaul

Indonesia's first beauty e-commerce platform and vertically integrated beauty ecosystem, launchin...

Jakarta, Indonesia501–1000Beauty, E-Commerce
Series DTotal funding$140.0MNov 2021
23
GudangAda

Indonesian B2B marketplace connecting FMCG brands with general trade and modern trade distributio...

Tangerang, Indonesia51–200E-Commerce
Series BTotal funding$135.9MJul 2021
24
KoinWorks

Indonesia's leading P2P lending neobank providing credit and financial solutions to micro, small,...

Jakarta, Indonesia201–500Fintech, Lending
Series CTotal funding$135.8MJan 2022
25
Flip

Flip is an Indonesian fintech that offers free interbank transfers, e-wallet top-ups, and oversea...

Depok, Indonesia201–500Fintech, SaaS
Series BTotal funding$120.0MJun 2022