Indonesia is emerging as one of the region’s acknowledged players in the digital startup landscape. In addition to having at least four unicorns, the country has a huge population, a growing middle-class, and fast technology adoption capability that offer very promising prospects.
A research done by McKinsey and Company showed that online commerce in Indonesia is already a $8 billion-a-year business that is expected to reach up to $65 billion by 2022.
However, challenges abound and need to be addressed to unlock the huge potential, namely improving and expanding the digital ecosystem, bringing in more players to the business and creating synergy.
As such, Forbes Indonesia held its first Digital Conference on October 1, 2018, at the Fairmont Hotel Jakarta, an international event aimed at helping growth-stage startups to become the next unicorn. The conference also served as a venue for conventional corporations to look into digital transformation and meet with technology entrepreneurs.
At the event, Forbes Indonesia also announced the A-List that consisted of 30 Indonesian promising growth-stage startups. The list celebrates companies that have done a great job in the country’s digital economy. It also attempts to motivate them to work harder to become the next unicorn.
Forbes Indonesia awarded special citations to three growth stage startups on the list: Choice Award 2018 to HaloDoc, Disruptor Award 2018 to Loket, and Innovator Award 2018 to OnlinePajak. The 30 promising growth stage startups and the three special growth stage startups were selected from a pool of entries earlier submitted to Forbes Indonesia and research by the magazine’s editorial team. The honorary judges for the three special citations were, among others, the head of the Indonesian Creative Economy Agency (Bekraf), Triawan Munaf, and Dato’ Sri Tahir, billionaire and philanthropist. Some of the metrics used in the judging process include published growth figures, impact, and follow-up funding.
And here are Forbes Indonesia's 30 Promising Growth-Stage Startups (by alphabetic order):
1. Amartha
Founded: 2010
Industry: Fintech
2. Bizzy
Founded: 2015
Industry: E-Commerce
3. Bridestory
Founded in: 2014
Industry: E-Commerce
4. Cek Aja
Founded: 2013
Industry: fintech
5. Dattabot
Founded in: 2003
Industry: Big Data
6. eFishery
Founded: 2013
Industry: Big Data
7. Fabelio
Founded: 2015
Industry: E-Commerce
8. Halodoc
Founded: 2016
Industry: Healthcare
9. Hijup
Founded: 2011
Industry: E-Commerce
10. IDN Media
Founded: 2014
Industry: Digital Media
11. Investree
Founded: 2015
Industry: Fintech
12. Jojonomic
Founded: 2015
Industry: Fintech
13. Kudo
Founded: 2014
Industry: Fintech
14. Loket
Founded: 2013
Industry: Event Management
15. Midtrans
Founded: 2012
Industry: Fintech
16. Modalku
Founded: 2016
Industry: Fintech
17. Ninja Xpress
Founded: 2015
Industry: Logistics
18. OnlinePajak
Founded: 2014
Industry: Fintech
19. Orami
Founded: 2012
Industry: E-Commerce
20. Orori
Founded: 2002
Industry: E-Commerce
21. Otten Coffee
Founded: 2012
Industry: E-Commerce
22. Pawoon
Founded: 2013
Industry: Fintech
23. Qlapa
Founded: 2015
Industry: E-Commerce
24. Ruangguru
Founded: 2014
Industry: Education
25. Salestock
Founded: 2014
Industry: E-Commerce
26. Sicepat Ekspres
Founded: 2004
Industry: Logistics
27. Tanihub
Founded: 2015
Industry: E-Commerce
28. Tiket.com
Founded: 2011
Industry: Travel
29. Travelio
Founded: 2015
Industry: Travel
30. Uangteman
Founded: 2014
Industry: Fintech
