Indonesia

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Indonesia’s top C2C marketplace with 100m monthly active users, Tokopedia is joining forces with Gojek to beat regional rival Shopee.

Formerly an online healthcare platform, Konsula has transformed into Lemonilo and is serving up healthy alternatives to popular Indonesian comfort foods and snacks.

Touted as Indonesia’s biggest e-commerce speciality coffee supplier, Otten Coffee is gearing up to be a key player in the region’s gourmet coffee arena.

Indonesia’s first unicorn, ride-hailing startup Gojek has merged with Tokopedia to compete against regional giants Grab and Sea Group to develop the best super-app.

Through a flexible leasing model, Xurya is making the economic case for factories and building operators to harness solar power and save electricity costs.

Indonesia’s fourth unicorn, e-commerce startup Bukalapak, a popular marketplace platform for MSMEs, becomes first unicorn startup to be listed on the Indonesian Stock Exchange.

Aruna helps fishermen to reel in bigger profits through its smart fish auction app and data analytics platform.

Ajaib’s online wealth management tool brings personalized mutual fund investing to the masses, potentially mobilizing billions of investable assets across Southeast Asia.

Xendit, an all-purpose payment gateway and management platform for SMEs and startups in Southeast Asia, becomes a unicorn after expansion into the Philippines.

Furnishing happiness and championing local craftsmanship, Fabelio partners with Indonesian designers and furniture producers to give IKEA a run for their money.

The world’s first online Islamic fashion retailer, HijUp brings innovation to a fashion world that has long overlooked the huge potential of the Muslim market.

Delman helps enterprise clients take the first step into data analytics by untangling data and creating efficient database structures.

With IDR 630m loans disbursed, UangTeman is one of the biggest players in Indonesia's crowded P2P payday loan sector. 

Indonesian agritech pioneer Crowde has battled competition to stay ahead by pivoting from crowdfunding farming projects to channeling institutional lenders’ funds into agricultural loans. 

Moses Lo comes from an entrepreneurial family, his father acquired a failing business in Australia and turned it into a successful company. The family business inspired Lo to start his own fashion business in Australia after graduating in finance and commerce at the University of New South Wales in 2010.Lo initially gained work experience as an analyst in 2008 as part of his undergraduate finance and commerce programs in Australia. In 2011, he became an associate at the Boston Consulting Group in Australia. After two years, he was promoted to senior associate but left BCG in 2013 to focus on his menswear ventures until 2014.Lo decided to get first-hand tech startup experience in the Silicon Valley, working at Amazon while completing an MBA program at the University of California, Berkeley. In 2015, he decided to established a P2P payments platform Xendit in Indonesia. The platform has since pivoted into a payment gateway service and became a unicorn in 2021, with Lo as CEO based in California and Jakarta. He was also featured in Forbes’ 30 Under 30 list for Asian figures in finance and venture capital in 2016.

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