eFishery Remains Among Indonesia's Highest-Valued Startups in 2025

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Erlina Fury Santika 23/01/2025 20:30 WIB

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CB Insights data shows that eFishery remained among Indonesia's highest-valued startups in early 2025. However, Traveloka still held the top spot.

7 Indonesian Unicorn Companies/Startups with the Highest Valuation (January 7, 2025)

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eFishery Remains Among Indonesia's Highest-Valued Startups in 2025

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7 Indonesian Unicorn Companies/Startups with the Highest Valuation (January 7, 2025)

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Business research firm and global database, CB Insights, has compiled a list of the Indonesian startups with the highest valuations.

These companies hold unicorn status, meaning their valuations exceed US$1 billion. Seven companies currently meet this criteria.

eFishery remains on the list with a valuation of US$1.3 billion, or approximately Rp21.1 trillion (assuming an exchange rate of Rp16,233 per US$) as of January 7, 2025. This places eFishery in third position.

CB Insights reports that eFishery has received funding from several investors, including Aqua-Spark, Wavemaker Partners, and Peak XV Partners.

eFishery is currently under scrutiny following the suspension of CEO Gibran Huzaifah due to alleged embezzlement of company funds. Recent reports suggest the company's financial statements have been manipulated to show a profit instead of a loss.

Traveloka holds the top spot with a valuation of US$3 billion, a position unchanged since July 2024.

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

Akulaku is second, with a valuation of US$2 billion. Its investors include DCM Ventures, IDG Capital, and Siam Commercial Bank.

DANA is in fourth place, with a valuation of US$1.13 billion. Ant Group, Lazada, and Sinar Mas Indonesia are listed as investors.

Rounding out the list, Xendit, Ajaib, and Kopi Kenangan each hold a US$1 billion valuation.

Here are the 7 Indonesian startups with unicorn status (valuation over US$1 billion) as of January 7, 2025:

* Traveloka US$3 billion
* Akulaku US$2 billion
* eFishery US$1.3 billion
* DANA US$1.13 billion
* Xendit US$1 billion
* Ajaib US$1 billion
* Kopi Kenangan US$1 billion

(Also read: SpaceX Becomes the World's Largest Unicorn Company in Early 2025)

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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eFishery Remains Among Indonesia's Highest-Valued Startups in 2025

eFishery Remains Among Indonesia's Highest-Valued Startups in 2025

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eFishery Remains Among Indonesia's Highest-Valued Startups in 2025

eFishery Remains Among Indonesia's Highest-Valued Startups in 2025

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