Indonesia's Unicorn Startup List as of July 2024: Who's on Top?

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Erlina Fury Santika 12/09/2024 08:06 WIB

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According to CB Insights data, there are 7 Indonesian startups with unicorn status. Traveloka is the most valuable.

Indonesia Unicorn Startup/Company Valuation (July 17, 2024)

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Indonesia Unicorn Startup/Company Valuation (July 17, 2024)

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CB Insights reported on July 17, 2024, the valuations of global unicorn startups. In Indonesia, at least seven startups hold unicorn status, meaning a valuation of at least US$1 billion.

Traveloka holds the top position with a valuation of US$3 billion in July 2024. Its valuation has remained unchanged since October 2023.

However, Traveloka's position displaced J&T Express, which had a US$20 billion valuation in October 2023 but is now absent from the CB Insights unicorn startup list.

Traveloka's investors include Global Founders Capital, East Ventures, and Expedia Inc.

Second is Akulaku, with a valuation of US$2 billion. Similar to Traveloka, this fintech startup, which provides consumer loans, has seen no change in its valuation. Akulaku's investors include DCM Ventures, IDG Capital, and Siam Commercial Bank.

Third is eFishery, with a valuation of US$1.3 billion. Investors in this startup include Aqua-Spark, Wavemaker Partners, and Peak XV Partners.

Fourth is DANA, valued at US$1.13 billion. DANA's investors are Ant Group, Lazada, and Sinar Mas Indonesia.

Fifth is Xendit, with a US$1 billion valuation. Its investors include Accel, Y Combinator, and Amasia.

The remaining companies, Ajaib and Kopi Kenangan, share the same US$1 billion valuation as Xendit.

CB Insights also reported at least 1,245 unicorn startups globally as of Wednesday, September 11, 2024, with a total accumulated valuation of US$3,927 billion.

The following are the 7 Indonesian unicorn startups in July 2024, based on the CB Insights report:

* Traveloka US$3 billion
* Akulaku US$2 billion
* eFishery US$1.30 billion
* DANA US$1.13 billion
* Xendit US$1 billion
* Ajaib US$1 billion
* Kopi Kenangan US$1 billion.

(See also: 10 Largest Unicorn Startups in the World in July 2024)

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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