{"id":2008,"date":"2021-05-03T14:53:12","date_gmt":"2021-05-03T14:53:12","guid":{"rendered":"https:\/\/mff-intl.com\/?p=2008"},"modified":"2022-02-27T12:03:53","modified_gmt":"2022-02-27T12:03:53","slug":"6-indonesian-technology-startups-with-impressive-funding","status":"publish","type":"post","link":"https:\/\/mff-intl.com\/6-indonesian-technology-startups-with-impressive-funding\/","title":{"rendered":"6 Indonesian Technology Startups with Impressive Funding"},"content":{"rendered":"\n

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\"Person<\/figure><\/div>\n\n\n\n

Technology startups! As you seeing, there has been a huge leap in startup business funding in Indonesia. Due to this, quantifying the best-funded startups in Indonesia is almost impossible: perhaps like trying to bake a cake employing a recipe with no measurements.<\/p>\n\n\n\n

US$1 million is maybe not a sustainable investment to big boys like Lazada Indonesia or Traveloka. But it\u2019s quite enough for smaller firms like Female Daily Network to proportion. With this in mind, we\u2019ve put together a listing of Indonesian<\/a> startups.<\/p>\n\n\n\n

The criteria to possess made this list are that the amount of observable growth a startup has seen relative to the number of funding rounds is closed. Detain mind that these picks are subjective and in no particular order (raising money doesn\u2019t necessarily equate to success). We invite you to hitch in by including names of companies in Indonesia.<\/p>\n\n\n\n

  1. Technology Startups<\/strong> – Traveloka<\/strong> <\/li><\/ol>\n\n\n\n

    Traveloka is that the quietest company in Indonesia that’s also a possible unicorn. Founder Ferry Unardi dropped out of Harvard before returning to Indonesia and starting the ticket booking site in 2012. It received seed funding from East Ventures a pair of months into operations.<\/p>\n\n\n\n

    Traveloka had been around for fewer than a year when it subsequently nabbed a series around in September 2013 from Global Founders Capital; a VC firm co-founded by Rocket Internet\u2019s Samwer<\/a> brothers. In December the identical year, Traveloka reported processing two million flight searches.<\/p>\n\n\n\n

    2. Technology Startups<\/strong> – BukaLapak<\/strong><\/p>\n\n\n\n

    BukaLapak is the consumer-to-consumer ecommerce marketplace. It directly competes with the likes of Tokopedia. It\u2019s clear that BukaLapak doesn\u2019t have the maximum amount cash as its competitor, but it’s seen consistent funding and considerable growth. Back in July 2011, the corporate \u2013 which was born from local digital agency Suitmedia \u2013 closed a seed round with a Jakarta incubator called Batavia, which was pass Rebright Partners and native financial firm Corfina Group. Batavia Incubator now not exists, but BukaLapak sure does. At the time of funding, the positioning was already receiving over 9 million monthly pageviews.<\/p>\n\n\n\n

    In September 2012, BukaLapak got another hit of venture funding when it secured a series A round from Gree Ventures after adding a replacement payment system that allowed visitors to use Bank Mandiri\u2019s Clickpay. In February 2014, the firm announced a series B round of funding from Aucfan, IREP, 500 Startups, and yet again Gree Ventures.<\/p>\n\n\n\n

    3. Technology Startups<\/strong> – Touchten<\/strong><\/p>\n\n\n\n

    Touchten Games is one among Indonesia\u2019s most successful mobile game developers thus far. Founded by Anton Soeharyo, Touchten is a gaming tech company in Indonesia, starting back in August 2011. It became clear that Touchten was growing after it broke into the highest five within the US App Store in February 2013 with its hit title Train Legend.<\/p>\n\n\n\n

    4. Technology Startups<\/strong> – Adskom<\/strong><\/p>\n\n\n\n

    Adskom was one in every of the few Indonesian startups to urge funded within the pre-product stage. In May 2013, co-founders Daniel Armanto and Italo Gani announced seed funding from Japan\u2019s Rebright Partners to create an automatic supply-side platform that aggregated digital advertising spots for patrons to settle on from.<\/p>\n\n\n\n

    The identical month, Adskom received a US$850,000 series A investment from Japan\u2019s Digital Garage, East Ventures, Beenos Plaza, and Skystar Capital.<\/p>\n\n\n\n

    5. Technology Startups<\/strong><\/strong>– Tokopedia<\/strong><\/p>\n\n\n\n

    No list about Indonesian funding would be complete without mentioning Tokopedia, one among the archipelago\u2019s hottest consumer-to-consumer marketplaces, and therefore the company that set the record for the most important funding round in Indonesian tech startup history.<\/p>\n\n\n\n

    It\u2019s been an extended journey for Tokopedia, though. After starting the corporate in 2007, founder William Tanuwijaya bootstrapped the venture for 2 years before raising seed funding from PT Indonusa Dwitama in 2009. In June 2013, the marketplace attracted another investment, this point led by Softbank Ventures Korea, and again followed by CyberAgent Ventures and East Ventures.<\/p>\n\n\n\n

    Finally, last October Tokopedia pulled in a very whopping US$100 million from SoftBank and Sequoia Capital. Tanuwijaya claims the positioning currently receives about 10 million visitors per month and sold 24 million products in its fourth year of operations.<\/p>\n\n\n\n

    6. Technology Startups<\/strong> – Qraved<\/u><\/p>\n\n\n\n

    Rocket Internet alumni Adrian Li and Steven Kim co-founded Qraved. It has been called Indonesia\u2019s first restaurant reservation app. In September 2013, the corporate raised seed funding from Rebright Partners, 500 Startups, and Skype co-founder Toivo Annus to expand the positioning as a restaurant directory and social network for foodies.<\/p>\n\n\n\n

    Between July and December last year, SimilarWeb estimates that Qraved was able to triple its web traffic to achieve 90,000 monthly visitors. Making it most wanted within the Indonesian foodtech market.<\/p>\n\n\n\n

    In November last year, Qraved announced a US$1.3 million series A funding round from Convergence Accel. It is a replacement VC firm spearheaded by Qraved\u2019s co-founder Adrian Li, and followed by M&Y Growth Partners.<\/p>\n\n\n\n

    How to Get Fund Easily?<\/u><\/strong><\/p>\n\n\n\n

    \"Tiny<\/figure><\/div>\n\n\n\n

    Funding is an important part of any business. No matter it is big or small, funds help to grow the business in Indonesia. Crowd funding, seed funding or series A funding, you must know all about the funds factor. Here are below:<\/p>\n\n\n\n