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1. TRACXN MONTHLY REPORT
JULY 2021
INDONESIA TECH

2. Indonesia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
2
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
Recent News 10

3. Indonesia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech Snapshot – July 2021
Indonesia Tech: Snapshot – July 2021
Note : "Investors" refers to "Institutional Investors" only
3
$207M
6
Overall Geo Stats
4
27
16
8
Funding Rounds $ Invested Analyst Picks
OY! Upgraded to
SOONICORN
New Investors
OVO Fund
Falcon Edge Capital
Series A+
rounds
Active Investors IPOs Acquisitions
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Jakarta
(6 Rounds, $107M)
Tangerang
(1 Rounds, $100M)
Bandung
(1 Rounds, $100M)
$100M - Series B
GudangAda (2019, Tangerang, $125M)
$45M - Series A
OY! (2017, Jakarta, $45M)
$35M - Series A
Aruna (2016, Jakarta, $40.5M)
$12M - Series C
OnlinePajak (2014, Jakarta, $37M)
ACVentures
(3 Investments)
East Ventures
(2 Investments)
Pavilion Capital
Partners
(2 Investments)
Wavemaker Partners
(2 Investments)
B2B E-Commerce
GudangAda
Payments
OY!
Aquaculture Tech
Aruna
Finance & Accounting Tech
OnlinePajak
Market Size
Companies Covered 5,950
Funded Companies 822
Total Funding $14.7B
Funding in last 12 months $3.1B
Top Exits
IPOs 20
Acquisitions 89
Company Stage
Unicorns 3
Soonicorns 29
Minicorns 74
Editor Picks 371
Series A+ 187
Series C+ 31
Acqui-Hires 8
Deadpooled 943
Top Cities
Jakarta (664 Rounds, $13.5B)
Bandung (32 Rounds, $31.2M)
Top Investors
East Ventures (89 Investments)
ACVentures (39 Investments)

4. Indonesia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Indonesia Tech as of July 2021
Indonesia Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (July 2021)*
GudangAda
(2019, Tangerang, $125M)
$100M - Series B Asia Partners
OY!
(2017, Jakarta, $45.0M)
$45.0M - Series A SoftBank Ventures Asia
Aruna
(2016, Jakarta, $40.5M)
$35.0M - Series A Prosus
OnlinePajak
(2014, Jakarta, $37.0M)
$12.0M - Series C Tencent
Warung Pintar
(2017, Jakarta, $41.5M)
$6.0M - Series B East Ventures
majoo
(2019, Jakarta, $4.8M)
$4.8M - Seed ACVentures
Gredu
(2016, Jakarta, $4.0M)
$4.0M - Series A Intudo Ventures
*Shows only the lead Investors

5. Indonesia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Indonesia Tech in July 2021
Indonesia Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$12.0M - Series C
OnlinePajak (2014, Jakarta, $37.0M)
Tax reporting application for SMEs
Tencent, Altos Ventures Capital, Warburg Pincus
EARLY STAGE
$4.0M - Series A
Gredu (2016, Jakarta, $4.0M)
Provider of app-based school management system
Intudo Ventures, Vertex Ventures
EARLY STAGE
$6.0M - Series B
Warung Pintar (2017, Jakarta, $41.5M)
Provider of retail store aggregator solution for local
merchants
East Ventures, OVO Fund, Pavilion Capital
Partners, Agaeti Venture Capital, Triputra Group,
and 3 more
EARLY STAGE
$35.0M - Series A
Aruna (2016, Jakarta, $40.5M)
Integrated cloud based fishery management
platform
Prosus, East Ventures, ACVentures, Vertex
Ventures, SIG, and 1 more
EARLY STAGE
$45.0M - Series A
OY! (2017, Jakarta, $45.0M)
App based messaging and payment solutions for
businesses
SoftBank Ventures Asia, MDI Ventures,
ACVentures, Wavemaker Partners, Central Capital
Ventura, and 2 more
EARLY STAGE
$100.0M - Series B
GudangAda (2019, Tangerang, $125.4M)
Online b2b provider of e-commerce software suite
solution for stakeholders
Asia Partners, Falcon Edge Capital, Wavemaker
Partners, Alpha JWC Ventures, Sequoia Capital
SEED STAGE
$4.8M - Seed
majoo (2019, Jakarta, $4.8M)
Business management software provider for
multiple industries
ACVentures, BRI Ventures
SEED STAGE
Seed
Feedloop (2018, Bandung)
Provider of customer journey analytics software
solution
TMI

6. Indonesia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in Indonesia Tech in July 2021
Indonesia Tech: List of New Investors
6
Investor Company Info
Round
Amount
Round Name
OVO Fund
11 portfolio companies | Seed & early stage sector-agnostic VC firm
funding companies in the US
Warung Pintar
Provider of retail store aggregator solution for local merchants
$6.00M Series B
Falcon Edge Capital
51 portfolio companies | Financial consulting services provider &
venture capital fund
GudangAda
Online b2b provider of e-commerce software suite solution for
stakeholders
$100M Series B
Alfamart
1 portfolio companies | Wholesaler of consumer goods
OY!
App based messaging and payment solutions for businesses
$45.00M Series A
Asia Partners
4 portfolio companies | Venture capital firm investing in tech &
tech-enabled startups
GudangAda
Online b2b provider of e-commerce software suite solution for
stakeholders
$100M Series B

7. Indonesia Tech - July 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.
7
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲3 Horizontal Marketplace $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 ▲19 Online Self Storage Services Providers $102M 2 Waresix | $100M | Series B
8 ▲20 Warehousing Marketplace $102M 2 Waresix | $100M | Series B
9 ▲20 Warehouse Marketplace $102M 2 Waresix | $100M | Series B
10 ▲5
B2B E-Commerce > Technology Enablers > E
Commerce Software Suite
$100M 1 GudangAda | $100M | Series B

8. Indonesia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in Indonesia Tech in July 2021
Indonesia Tech: Analyst Picks
8
Upgraded to SOONICORN
OY! (2017, Jakarta, $45.0M, Series A)
App based messaging and payment solutions for
businesses
ACVentures, Wavemaker Partners, Saison Capital
and 5 other Investors
Upgraded to SOONICORN
GudangAda (2019, Tangerang, $100M, Series
B)
Online b2b provider of e-commerce software suite
solution for stakeholders
Alpha JWC Ventures, Wavemaker Partners,
Sequoia Capital and 3 other Investors
Upgraded to SOONICORN
Aruna (2016, Jakarta, $5.5M, Series A)
Integrated cloud based fishery management
platform
MDI Ventures, SMDV, Vertex Ventures and 5 other
Investors
Upgraded to MINICORN
majoo (2019, Jakarta, $4.8M, Seed)
Business management software provider for
multiple industries
ACVentures,BRI Venturesand
Upgraded to MINICORN
Gredu (2016, Jakarta, Undisclosed, Seed)
Provider of app-based school management system
Vertex Ventures,Intudo Venturesand
Added to Editor's Pick
Hacktiv8 (2016, Jakarta, $3.0M, Seed)
Web development bootcamp
PT Prasetia Dwidharma, ACVentures, RMKB
Ventures and 6 other Investors
Added to Editor's Pick
TIX ID (2018, Jakarta, Unfunded)
Online movie ticket booking platform
Added to Editor's Pick
Diary Bunda (2020, Sleman, Unfunded)
Mobile-based application for monitoring pregnancy
and gynecologist consultation
Added to Editor's Pick
Translantic (2020, Medan, Unfunded)
Mobile game developer focusing on casual games

9. Indonesia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in Indonesia Tech in July 2021
Indonesia Tech: Analyst Picks
9
Added to Editor's Pick
Mountrash (2019, Jakarta, Unfunded)
Provider of solutions for collection and recycling
Added to Editor's Pick
Hi Muslim (2020, Jakarta, Unfunded)
App based platform for Islam prayer tracking
Added to Editor's Pick
KLAR Aligner (2020, Yogyakarta, Undisclosed,
Seed)
Developer of aligners for orthodontic treatment
ACVentures,Kopi kenanganand
Added to Editor's Pick
orangsukses.info (2021, Makassar, Unfunded)
Provider of on-demand delivery service app
Added to Editor's Pick
Nanobubble (2018, South Tangerang,
Unfunded)
The platform generating nano-sized bubbles to
increase the gas content in aquatic ecosystems
Added to Editor's Pick
Datacakra (1995, Jakarta, Unfunded)
Provider of cloud-based IoT solutions for multiple
industries
Added to Editor's Pick
SpiceUp (2018, Jakarta, Unfunded)
Provider of customized location-based services to
farmers involved in pepper farming

10. Indonesia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Indonesia Tech in July 2021
Indonesia Tech:News
10
Exit News
.
● Gojek, Tokopedia Confirm Merger With the launch of GoTo Group
Volanews
.
● Bukalapak's $1.1 bln IPO, Indonesia's biggest in a decade, covered on
launch day Reuters
.
● AirAsia to buy Gojek's Thai business for US$50m in shares The Business
Times .
● Bukalapak raises $1.5bn in record Singapore IPO Technology Magazine
.
● AirAsia Group boosts digital presence in Thailand in RM207m deal The
Star Online
.
People News
.
● Allan Phang joins Dubai-based esports firm Galaxy Racer as CMO
MARKETING-INTERACTIVE
.
Company News
.
● FDA’s expansive Alzheimer’s drug approval surprised even top agency
officials STAT
.
● FDA Approves KEYTRUDA® (pembrolizumab) Plus LENVIMA®
(lenvatinib) Combination for Patients With Certain Types ...
pipelinereview.com
.
● FDA Approves Updated ADUHELM™ Prescribing Information to
Emphasize Population Studied in Clinical Trials GlobeNewswire
.
● FDA OKs Merck/Eisai's Keytruda + Lenvima combo in endometrial

11. Indonesia Tech - July 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
11
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 Traveloka
Competitors of Bukalapak
Cap Tables of OVO
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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