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1. TRACXN MONTHLY REPORT
APRIL 2021
INDONESIA TECH

2. Indonesia Tech - April 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 7
Top Funded Business Models - last 1 year 8
New Analyst Picks 9
Acquisitions 10
Recent News 11

3. Indonesia Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Indonesia Tech Snapshot – April 2021
Indonesia Tech: Snapshot – April 2021
Note : "Investors" refers to "Institutional Investors" only
3
$476M
9
Overall Geo Stats
10
2
47
5
11
Funding Rounds $ Invested Analyst Picks
Shipper Upgraded
to SOONICORN
New Investors
astradigital.id
Singtel
Series A+ rounds Active Investors IPOs Acquisitions
Orami.co.id#@
iGrow#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Jakarta
(11 Rounds, $476M)
$234M - Series G
Bukalapak (2010, Jakarta, $584M)
$80M - Series C
Halodoc (2016, Jakarta, $158M)
$63M - Series B
Shipper (2016, Jakarta, $88M)
$55M - Series C
Ruangguru (2014, Jakarta, $205M)
UOB
(2 Investments)
Insignia Ventures
Partners
(2 Investments)
Y Combinator
(2 Investments)
TMI
(2 Investments)
Second Hand Goods
Bukalapak
Horizontal E-Commerce
Healthcare Booking Platforms
Halodoc
K-12 EdTech
Ruangguru
Market Size
Companies Covered 5,223
Funded Companies 791
Total Funding $13.9B
Funding in last 12 months $3.2B
Top Exits
IPOs 19
Acquisitions 85
Company Stage
Unicorns 4
Soonicorns 21
Minicorns 74
Editor Picks 332
Series A+ 183
Series C+ 28
Acqui-Hires 7
Deadpooled 925
Top Cities
Jakarta (640 Rounds, $13.0B)
Bandung (30 Rounds, $31.2M)
Top Investors
East Ventures (87 Investments)
Alpha JWC Ventures (37
Investments)

4. Indonesia Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Indonesia Tech as of April 2021
Indonesia Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (April 2021)*
Bukalapak
(2010, Jakarta, $584M)
$234M - Series G Microsoft
Halodoc
(2016, Jakarta, $158M)
$80.0M - Series C Temasek
Shipper
(2016, Jakarta, $88.0M)
$63.0M - Series B DST Global
Ruangguru
(2014, Jakarta, $205M)
$55.0M - Series C Tiger Global Management
Super
(2016, Jakarta, $36.0M)
$28.0M - Series B SoftBank Ventures Asia
CoLearn
(2019, Jakarta, $10.0M)
$10.0M - Series A GSV Ventures
Sayurbox
(2016, Jakarta, $5.0M)
$5.0M - Series A ASTRA
Populix
(2018, Jakarta, $2.3M)
$1.2M - Seed Intudo Ventures
*Shows only the lead Investors

5. Indonesia Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (1/2)
List of Funding Rounds in Indonesia Tech in April 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
$55.0M - Series C
Ruangguru (2014, Jakarta, $205.0M)
Provider of online self-learning platform
Tiger Global Management, East Ventures, Venturra
Capital, UOB, GGV Capital
LATE STAGE
$80.0M - Series C
Halodoc (2016, Jakarta, $158.0M)
Provider of an online teleconsultation platform for
multiple health disorders
, Singtel, Openspace Ventures, TMI, Novo Holdings,
and 6 more
LATE STAGE
$234.0M - Series G
Bukalapak (2010, Jakarta, $584.0M)
Online marketplace platform offering multi-category
products
Microsoft, NAVER, SC Ventures, GIC, Bank Rakyat
Indonesia, and 3 more
EARLY STAGE
$5.0M - Series A
Sayurbox (2016, Jakarta, $5.0M)
Farm-to-table grocery delivery platform
ASTRA
EARLY STAGE
$10.0M - Series A
CoLearn (2019, Jakarta, $10.0M)
Mobile-based platform providing online tutoring
solutions
GSV Ventures, ACVentures, Surge
EARLY STAGE
$28.0M - Series B
Super (2016, Jakarta, $36.0M)
Online wholesaler of groceries
SoftBank Ventures Asia, Amasia, Y Combinator, TNB
Aura, Insignia Ventures Partners, and 1 more
EARLY STAGE
$63.0M - Series B
Shipper (2016, Jakarta, $88.0M)
Online-platform offering shipping solutions for e-tailers
DST Global, Sequoia, ACVentures, Floodgate Fund,
Prosus, and 3 more
EARLY STAGE
Series B
TADA (2012, Jakarta, $7.8M)
Cloud-based platform offering customer advocacy
solutions
MDI Ventures, Sovereign's Capital, Finch Capital, TMI
EARLY STAGE
Series B
Sayurbox (2016, Jakarta, $5.0M)
Farm-to-table grocery delivery platform
, Syngenta, Global Brain, Ondine Capital, Strategic Year

6. Indonesia Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (2/2)
List of Funding Rounds in Indonesia Tech in April 2021
Indonesia Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
6
SEED STAGE
$1.2M - Seed
Populix (2018, Jakarta, $2.3M)
Marketplace for finding participants for survey or
research
Intudo Ventures, Quest Ventures
SEED STAGE
Seed
Doogether (2016, Jakarta)
Online sports venue booking platform
Asiantrust Capital Partners, Prasetia Dwidharma,
Alexander Rusli

7. Indonesia Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in Indonesia Tech in April 2021
Indonesia Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
astradigital.id
2 portfolio companies |
Sayurbox
Farm-to-table grocery delivery platform
Undisclosed Series B
Singtel
23 portfolio companies | Integrated telecom and IPTV services provider
Halodoc
Provider of an online teleconsultation platform for multiple health
disorders
$80.00M Series C
Bank Rakyat Indonesia
4 portfolio companies | Microfinance bank
Bukalapak
Online marketplace platform offering multi-category products
$234M Series G
SC Ventures
9 portfolio companies | VC fund backed by Standard Chartered
Bukalapak
Online marketplace platform offering multi-category products
$234M Series G
GSV Ventures
62 portfolio companies | Venture capital fund investing ed-tech startups
CoLearn
Mobile-based platform providing online tutoring solutions
$10.00M Series A
Acrew Capital
22 portfolio companies | Venture capital firm focused on early stage startups
Halodoc
Provider of an online teleconsultation platform for multiple health
disorders
$80.00M Series C
Ondine Capital
7 portfolio companies | Venture capital firm investing in high-tech sectors
Sayurbox
Farm-to-table grocery delivery platform
Undisclosed Series B
Asiantrust Capital Partners
1 portfolio companies | Venture capital firm investing in multiple sectors
Doogether
Online sports venue booking platform
Undisclosed Seed
Novo Holdings
279 portfolio companies | Life science focused stage agnostic VC firm invsesting
in the US, UK & Denmark
Halodoc
Provider of an online teleconsultation platform for multiple health
disorders
$80.00M Series C
Syngenta
1 portfolio companies | Agriculture Venture Capital - Syngenta Group Ventures
Sayurbox
Farm-to-table grocery delivery platform
Undisclosed Series B

8. Indonesia Tech - April 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.
8
Rank Business Model $ Funding # Rounds Top Funding Round
1 -- Online Mutli Category Marketplace $1.4B 5 Tokopedia | $500M | Series H
2 -- Last Mile Delivery Service Providers $270M 2 SiCepat | $170M | Series B
3 -- Last Mile delivery $270M 2 SiCepat | $170M | Series B
4 -- Online Travel Agencies $250M 1 Traveloka | $250M | Series D
5 ▼-3 B2C Hyperlocal Delivery $150M 3 Gojek | $150M | Series G
6 ▼-3 Bike Taxi $150M 3 Gojek | $150M | Series G
7 ▼-6 Digital Wallets $150M 5 Gojek | $150M | Series G
8 ▲7 Warehouse Marketplace $102M 2 Waresix | $100M | Series B
9 --
Investment Tech > Online Trading Platforms > Stocks >
Regular Trading > Brokers
$90.0M 2 Ajaib | $65.0M | Series A
10 -- B2B Packaged Foods Marketplace $58.5M 3 Super | $28.0M | Series B

9. Indonesia Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks
Interesting Companies identified by Analysts in Indonesia Tech in April 2021
Indonesia Tech: Analyst Picks
9
Upgraded to SOONICORN
Shipper (2016, Jakarta, Undisclosed, Series A)
Online-platform offering shipping solutions for e-tailers
Alter Global, Lightspeed Venture Partners, Y
Combinator and 9 other Investors
Upgraded to MINICORN
CoLearn (2019, Jakarta, $10.0M, Series A)
Mobile-based platform providing online tutoring
solutions
ACVentures, TNB Aura, GSV Ventures and 8 other
Investors
Added to Editor's Pick
Chatbiz.id (2018, Bandung, $125K, Seed)
Provider of an AI-powered customer support and
service platform for retailers
Y Combinatorand
Added to Editor's Pick
Unitedpay (2019, Semarang, Unfunded)
Agent-based payment solutions
Added to Editor's Pick
Online Medis (2017, Jakarta, Unfunded)
Online telehealth and consultation app for patients and
doctors

10. Indonesia Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Indonesia Tech in April 2021
Indonesia Tech: Acquisitions
10
Acq. Date Company Acquirer Deal Size
07 Apr 2021
Orami.co.id(2016, Serpong, $15.0M)
Online retailer offering multi-category baby products
SIRCLO
30 Apr 2021
iGrow(2014, Depok, $0.1M)
Crowdfunding platform for farming
LinkAja

11. Indonesia Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Indonesia Tech in April 2021
Indonesia Tech:News
11
Exit News
.
● Speculations around the new Gojek-Tokopedia CEO role arise, innovation key
MARKETING-INTERACTIVE
.
● Tokopedia and Go-Jek to become GoTo in US$18 billion merger deal Inside Retail
.
● Shareholders of two major e-commerce giants in Southeast Asia, Tokopedia
and Gojek, agree to merge the two com... 36Kr
.
● Traveloka in talks to list via Thiel's Bridgetown SPAC The Business Times
.
● SIRCLO acquires Eduardo Saverin-backed Indonesian parenting platform Orami
E27
.
People News
.
● 99.co appoints new deputy CEO for Indonesia AIM Group

12. Indonesia Tech - April 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
12
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 Tokopedia
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

13. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
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