Leading startups Indonesia 2022, by funding amount
The rise of Indonesian startupsThere were over 2.3 thousand startup companies in total in Indonesia as of January 2022. While most Indonesian startups are digital startups, their unicorns span a range of industries, from travel and ticketing to financial technology services.
Indonesia has nine unicorns and two decacorns: GoTo Group and J&T Express. The first five Indonesian e-commerce platforms to attain unicorn status, Gojek, Tokopedia, Traveloka, Bukalapak, and OVO, did so before the pandemic hit the country between 2016 and 2019. In 2021, Gojek and Tokopedia merged to create GoTo Group.