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TRACXN MONTHLY REPORT
AUGUST 2021
INDONESIA TECH

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Indonesia Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
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Indonesia Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 6
Top Funded Business Models - last 1 year 7
New Analyst Picks 8
Acquisitions 10
Recent News 11

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Indonesia Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech Snapshot – August 2021
Indonesia Tech: Snapshot – August 2021
Note : "Investors" refers to "Institutional Investors" only
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$133M
7
Overall Geo Stats
10
1
30
15
9
Funding Rounds $ Invested Analyst Picks
Pintu Upgraded to
SOONICORN
New Investors
KTB Network
Coinbase Ventures
Series A+ rounds Active Investors IPOs Acquisitions
Popskul#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Jakarta
(8 Rounds, $103M)
West Jakarta
(1 Rounds, $30M)
$35M - Series A
Pintu (2016, Jakarta, $41M)
$32M - PE
Doku (2007, Jakarta, $32M)
$30M - Series B
Fuse (2017, West Jakarta, $30M)
$17.5M - Series A
Alami Sharia (2017, Jakarta, $39M)
East Ventures
(3 Investments)
Golden Gate Ventures
(2 Investments)
500 Startups
(1 Investments)
Lightspeed Venture
Partners
(1 Investments)
Cryptocurrencies
Pintu
Payments
Doku
Insurance IT
Fuse
Alternative Lending
Alami Sharia
Market Size
Companies Covered 5,899
Funded Companies 799
Total Funding $17.8B
Funding in last 12 months $3.2B
Top Exits
IPOs 10
Acquisitions 83
Company Stage
Unicorns 4
Soonicorns 31
Minicorns 73
Editor Picks 387
Series A+ 188
Series C+ 33
Acqui-Hires 8
Deadpooled 914
Top Cities
Jakarta (675 Rounds, $16.7B)
Bandung (32 Rounds, $31.2M)
Top Investors
East Ventures (91 Investments)
ACVentures (39 Investments)

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Indonesia Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Indonesia Tech as of August 2021
Indonesia Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (August 2021)*
Pintu
(2016, Jakarta, $41.0M)
$35.0M - Series A Lightspeed Venture Partners
Doku
(2007, Jakarta, $32.0M)
$32.0M - PE Apis Partners
Fuse
(2017, West Jakarta, $30.0M)
$30.0M - Series B GGV Capital
Alami Sharia
(2017, Jakarta, $39.0M)
$17.5M - Series A
Dekoruma
(2015, Jakarta, $15.0M)
$15.0M - Series C
Rapid Rabbits
(2017, Washington, DC, $4.1M)
$3.3M - Series A Surge
Zi.Care
(2018, Jakarta, $500K)
$500K - Seed Iterative Accelerator
*Shows only the lead Investors

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Indonesia Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Indonesia Tech in August 2021
Indonesia Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
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LATE STAGE
$15.0M - Series C
Dekoruma (2015, Jakarta, $15.0M)
Online retailer of home products
KTB Network, OCBC NISP Ventura, , Foundamental
LATE STAGE
$32.0M - PE
Doku (2007, Jakarta, $32.0M)
Payment gateway and other payment solutions in
Indonesia
Apis Partners
EARLY STAGE
$3.3M - Series A
Rapid Rabbits (2017, Washington, DC, $4.1M)
On-demand last-mile logistics service provider
Surge, East Ventures, , 500 Startups, AngelCentral, and
2 more
EARLY STAGE
$17.5M - Series A
Alami Sharia (2017, Jakarta, $39.0M)
Online P2P lending marketplace for invoice financing
, Quona Capital, ACVentures, Golden Gate Ventures
EARLY STAGE
$30.0M - Series B
Fuse (2017, West Jakarta, $30.0M)
Software for insurance intermediaries
GGV Capital, Emtek, SMDV, Golden Gate Ventures, East
Ventures, and 1 more
EARLY STAGE
$35.0M - Series A
Pintu (2016, Jakarta, $41.0M)
App-based platform for storing, buying, and selling
digital assets and cryptocurrencies
Lightspeed Venture Partners, Coinbase Ventures,
Alameda Research, Blockchain.com, Castle Island
Ventures, and 2 more
EARLY STAGE
Series B
Yummy Corp (2017, Jakarta, $19.8M)
Provider of catering management solutions to
cooperate
BRI Ventures
SEED STAGE
$500.0K - Seed
Zi.Care (2018, Jakarta, $500.0K)
Digital administrative management tool for hospitals
and doctors
Iterative Accelerator, Choco Up,
SEED STAGE
Seed
Mindtera (2021, Jakarta)
Mobile-based platform providing multi-disciplinary
learning programs
East Ventures, Hustle Fund, Henry Hendrawan

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Indonesia Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in Indonesia Tech in August 2021
Indonesia Tech: List of New Investors
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Investor Company Info Round Amount Round Name
KTB Network
44 portfolio companies | Stage & sector-agnostic VC firm funding companies in
South Korea and the US
Dekoruma
Online retailer of home products
$15.00M Series C
Coinbase Ventures
57 portfolio companies | Venture capital firm investing in early-stage
cryptocurrency & blockchain startups
Pintu
App-based platform for storing, buying, and selling digital assets and
cryptocurrencies
$35.00M Series A
Alameda Research
43 portfolio companies | Online trading platform for cryptocurrencies
Pintu
App-based platform for storing, buying, and selling digital assets and
cryptocurrencies
$35.00M Series A
Iterative Accelerator
7 portfolio companies | Sector agnostic startup accelerator
Zi.Care
Digital administrative management tool for hospitals and doctors
$500K Seed
Choco Up
3 portfolio companies | Provider of recruitment services for multiple sector
Zi.Care
Digital administrative management tool for hospitals and doctors
$500K Seed
AngelCentral
4 portfolio companies | Angel network for ASEAN startups
Rapid Rabbits
On-demand last-mile logistics service provider
$3.25M Series A
Emtek
2 portfolio companies | Manufacturer of doors, door locks, door knobs, and
other building accessories
Fuse
Software for insurance intermediaries
$30.00M Series B
SMDV
1 portfolio companies | Provider of TTL flash, mega speedbox, and zoom
focusing system
Fuse
Software for insurance intermediaries
$30.00M Series B
gkplugandplay.com
1 portfolio companies | Investment focused association
Rapid Rabbits
On-demand last-mile logistics service provider
$3.25M Series A
tinc.id
1 portfolio companies | TINC | Telkomsel Innovation Center
Zi.Care
Digital administrative management tool for hospitals and doctors
$500K Seed

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Indonesia Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
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Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲3 Multi Products Marketplaces $884M 4 Tokopedia | $350M | Series H
2 <> 0 B2C Hyperlocal Delivery $450M 2 Gojek | $300M | Series H
3 <> 0 Two Wheeler Ride Hailing $450M 2 Gojek | $300M | Series H
4 ▼-3 Digital Wallets $450M 4 Gojek | $300M | Series H
5 -- Last Mile Ecommerce Delivery $270M 2 SiCepat | $170M | Series B
6 -- Ecommerce Last Mile Delivery $270M 2 SiCepat | $170M | Series B
7 <> 0 Online Self Storage Services Providers $102M 2 Waresix | $100M | Series B
8 <> 0 Warehousing Marketplace $102M 2 Waresix | $100M | Series B
9 <> 0 Warehouse Marketplace $102M 2 Waresix | $100M | Series B
10 ▲9
B2B E-Commerce > Technology Enablers > E Commerce
Software Suite
$100M 1 GudangAda | $100M | Series B

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Indonesia Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in Indonesia Tech in August 2021
Indonesia Tech: Analyst Picks
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Upgraded to SOONICORN
Pintu (2016, Jakarta, $6.0M, Series A)
App-based platform for storing, buying, and selling
digital assets and cryptocurrencies
Pantera Capital, Blockchain.com, Lightspeed Venture
Partners and 5 other Investors
Added to Editor's Pick
TokoTalk (2018, Jakarta, $3.2M, Series A)
App-based solution provider to create online stores
Altos Ventures Capitaland
Added to Editor's Pick
Otoklix (2019, Jakarta, $2.0M, Seed)
App-based auto-repair garage aggregator
Plug and Play Tech Center, Lentor Ventures, Andree
Susanto and 1 other Investors
Added to Editor's Pick
Feedloop (2018, Bandung, Undisclosed, Seed)
Provider of customer journey analytics software
solution
TMI,East Venturesand
Added to Editor's Pick
delman.io (2018, Jakarta, $1.6M, Seed)
Data management platform for enterprises
PT Prasetia Dwidharma,Intudo Ventures,Qlueand
Added to Editor's Pick
kenalan (2019, Unfunded)
Provider of the region-based dating platform
Added to Editor's Pick
KlikWA (2020, Surabaya, Unfunded)
Provider of WhatsApp based live chat tools for
customer service teams
Added to Editor's Pick
HiPajak (2018, Jakarta, Unfunded)
Tax management software for freelance, MSME,
content creators, and startups
Added to Editor's Pick
Aplikasi Barcode eFaktur (2015, Jakarta,
Unfunded)
Cloud-based invoice management software for
businesses

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Indonesia Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in Indonesia Tech in August 2021
Indonesia Tech: Analyst Picks
9
Added to Editor's Pick
Ganesha Operation (2020, Bandung, Unfunded)
Mobile-based platform providing college entrance
exam preparation solutions
Added to Editor's Pick
muslimpocket (2021, Jakarta, Unfunded)
App-based platform to discover nearby Mosques
Added to Editor's Pick
Eateroo (2020, Jakarta, Unfunded)
Platform offering social community for food enthusiasts
Antlerand
Added to Editor's Pick
Fingo (2020, Unfunded)
Online retailer offering multi-category products
Added to Editor's Pick
Fortress Data Service (2010, Jakarta, Unfunded)
SaaS-based banking software suite
Added to Editor's Pick
Aviat (1999, Jakarta, Unfunded)
Hospital Management System (HMS) for healthcare
professionals

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Indonesia Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Indonesia Tech in August 2021
Indonesia Tech: Acquisitions
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Acq. Date Company Acquirer Deal Size
04 Aug 2021
Popskul(2020, Jakarta)
Online platform providing English language learning solutions
Astronaut Tech

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Indonesia Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Indonesia Tech in August 2021
Indonesia Tech:News
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Exit News
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● Gojek, Tokopedia Confirm Merger With the launch of GoTo Group Volanews
.
● Bukalapak raises $1.5bn in record Singapore IPO technologymagazine.com
.
● Kredivo, a Digital Consumer Credit Platform in SE Asia, to Become Publicly
Traded Firm via Merger with VPC Imp... Crowdfund Insider
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● LINE Indonesia acquires local student-oriented carpooling platform TemanJalan
E27
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● Djarum-backed E-commerce Startup Blibli Weighing Ipo Financial Post
.
● Indonesia’s Traveloka Reportedly Seeking $400 Million for SPAC Deal to Go
Public Skift
.
Company News
.
● Eisai: FDA Approves LENVIMA (lenvatinib) Plus KEYTRUDA (pembrolizumab)
Combination for Patients With Certain T... ACN Newswire
.
● FDA Approves KEYTRUDA® (pembrolizumab) Plus LENVIMA® (lenvatinib)
Combination for Patients With Certain Types ... pipelinereview.com
.
● FDA OKs Merck/Eisai's Keytruda + Lenvima combo in endometrial cancer Seeking
Alpha
.
● FDA Approves LENVIMA (lenvatinib) Plus KEYTRUDA (pembrolizumab)
Combination for First-Line Treatment of Adult ... ACN Newswire

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Indonesia Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Explore more on Tracxn
Explore more about Indonesia Tech on Tracxn Platform
Indonesia Tech: Explore more on Tracxn Platform
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Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in Indonesia
AI Companies in Indonesia
Fintech Companies Indonesia
Consumer Digital in Indonesia
Company Due Diligence
Detailed profile of Gojek
Competitors of Traveloka
Cap Tables of Bukalapak
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape

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