Indonesia

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.

REPORT

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.

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INSIGHTS

DATABASE

Focused on helping young professionals learn to manage their finances, Halofina is a mobile app that gives users investment recommendations and portfolio tracking.

Alodokter is rapidly spearheading into Asia’s lucrative healthcare industry with localized medical information portals vetted by doctors.

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Etienne Emile

Co-Founder and COO of Bridestory , Co-founder and COO of SweetEscape

Not available.

Thibaud Plaquet

Co-founder and Chief Business Officer of Datanest

Thibaud Plaquet hails from France, where he earned his master's degree in Electronics and Computer Science from Polytech'Paris UPMC. He previously worked as an apprentice tech support at Philips and later became an apprentice system engineer and channel account manager at Sony. In 2016, he moved to Indonesia and met Manggala Ratulangie when the two were hired to head a joint venture. After the project wound down, they established data science startup Datanest in 2017.

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Andy Zain is a veteran businessman, executive and angel investor. The Monash University graduate worked in management roles in various Indonesian tech companies and also co-founded companies like Elastisitas and Numedia Global. He is well-known as a founding partner and managing director at VC Kejora Ventures. Andy is also part of ANGIN, the Indonesian network of angel investors that collaborates with Grupara Ventures.

UMG Indonesia is a subsidiary of the Myanmar-based UMG conglomerate that was founded in 1998. The Indonesian company is a hardware and machine distributor, with property interests in Indonesia. In 2017, UMG provided seed funding to fishery tech startup Aruna.

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