With over 250 million inhabitants, Indonesia has the world’s fourth largest population and Southeast Asia’s largest. Its youthful workforce has long been an untapped asset, but they are now taking things into their own hands. Inspired by the successes of unicorns like Go-Jek and Traveloka, more Indonesians are looking to the digital world to start their own businesses. it faces unique issues and growing pains. CompassList offers nuanced insights into the scene’s rising stars, its diverse and often fragmented markets, and how new players and investors can navigate this complex landscape.


Indonesia Agritech Report 2020: Startups, Investors and Outlook

Indonesia Agritech Report 2020: Startups, Investors and Outlook

Indonesia is one of the world’s largest agricultural producers, with farming contributing nearly 13% to the national economy. The sector has been in slow decline for decades, however, hurt by poor yields and falling income. In recent years, thanks to startups seeking to use technology to boost the sector, Indonesian agriculture has found a new lease of life. From our interviews with key local agritech companies and investors in smart shrimp farming, farm-to-table e-commerce and more, CompassList has produced an in-depth and insightful survey of Indonesia’s agriculture sector and its prevailing challenges, complete with outlook and recommendations.



The Big Picture
Failures and Lessons


HARA is gearing up to revolutionize Indonesia’s agriculture industry with Big Data and supply chain innovations.

Indonesia’s Muslimarket is rapidly gearing up to become a global e-tailer of halal products for Muslim communities at home and abroad.


Alvin Kumarga

Co-founder and ex-Director of Airy Rooms

Alvin Kumarga is an experienced technical consultant and a Magna Cum Laude graduate in Chemical Engineering from Cornell University, USA. Alvin was a market research intern and later became a special projects consultant at Hybrid Silica Technologies before graduating in 2011. He worked in Boston at Stroud Consulting before returning to Indonesia in 2014 to work for the Boston Consulting Group (BCG).He left BCG in October 2015 to develop new products and corporate business for online travel agency Traveloka. In the meantime, he also co-founded Airy Rooms in 2015 but exited the startup in June 2017.

Muhammad Ihsan is a Management graduate from Universitas Padjadjaran, Bandung in Indonesia. Describing himself as a startup enthusiast, he worked in business development for various companies, including real estate firms. He joined Gibran Hufaizah and Chrisna Aditya as co-founder and CFO in eFishery but left the startup in March 2017.


Novita Imelda was an active Fashionese Daily (now Female Daily) reader. She became the blog's angel investor in 2008

Established in 1953, Gunung Sewu is a privately owned Indonesian conglomerate and investment management group that operates diversified businesses in insurance, food, real estate, consumer and resources. Founded by Om Go Soei Kie, aka Dasuki Angkosubroto, Gunung Sewu was originally a commodity trading enterprise.  


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