The following is a list of Indonesian Unicorn Startups Until 2020

To date, based on startup report 2019 There are already 6 startups that have entered the 2020 Unicorn Indonesia list. Of the 6 Indonesian Unicorn 2020 startups that already exist, JD.ID is the sixth Unicorn startup with a valuation of $1 billion after Ovo. Unicorn itself is a name given to startups that have a valuation value of over 1 billion US dollars, equivalent to 14,1 trillion. The following is a list of startups that have the status of Unicorn Indonesia 2020:

Gojek

Founded by Nadiem Makarim, Kevin Aluwi, and Michaelangelo Moran in 2010. Along the way, Gojek became the first Indonesian startup to win the Unicorn title in 2017. Two years later, Gojek ensure its new status becomes “Decacorns” after the same year after the opening of series F by JD, Tencent and Google, valuation Gojek estimated has reached $9,5 billion.

Gojek started its business as a motorcycle taxi service calling through a call center and when it was established it only had 20 drivers. They have developed various application features, from initially only transportation (Go Ride and Go Car) to a variety of services such as Go Food, Go Send, Go Massage, and others.

Gojek has entered the market in several countries in Southeast Asia, including Thailand, Vietnam and Singapore; in Malaysia and the Philippines are in the ripening stage.

Tokopedia

Tokopedia was first founded by two friends, William Tanuwijaya and Leontinus Alpha Edison in 2009. This e-commerce startup has received the status of unicorn Indonesia in 2017 and in the same year also announced the acquisition of a total funding of 1,1 billion dollars (or more than 14 trillion Rupiah) led by Alibaba. Alibaba's entry into Tokopedia confirms the grip of the Chinese tech giant in Southeast Asia

At the end of 2019, Tokopedia is reportedly collecting a new round of funding (fundraising), the target value is $1,5 billion or equivalent to 21,1 trillion Rupiah. It is very likely that the additional funds being raised will be focused on increasing the company's traction, before finally having "green" finances and IPO. Finally, Tokopedia announced that their GMV had reached 222 trillion Rupiah throughout 2019.

Traveloka

On the next list is Traveloka, which was founded by Ferry Unardi, Albert Zhang, and Derianto Kusuma in 2012. Centered on hotel and travel bookings, this company is a travel startup in Southeast Asia that holds Unicorn status.

Unicorn title Traveloka has achieved since July 2017 after funding obtained from Expedia strengthened Traveloka's position as the market leader in the Indonesian travel industry when it obtained an investment from Expedia of 350 million US dollars. In the past year, Traveloka had a total of $500 million (more than 6,6 trillion Rupiah) from East Ventures, Hillhouse Capital Group, JD.com, and Sequoia Capital.

Now, not only known as unicorn in vertical online travel, Traveloka has now crossed the globe in seven countries. The focus of its services is not only accommodation and transportation. The company's business has now penetrated into lifestyle and finances.

Bukalapak

Bukalapak entered in the list of Indonesian Unicorn startups in the second e-commerce field after Tokopedia to get the unicorn title. Bukalapak was founded by Achmad Zaky with two of his friends, Nugroho Herucahyono and Fajrin Rasyid, in 2010.

In 2017, with a valuation claimed by Bukalapak to reach more than US $ 1 billion (around Rp. 13,5 trillion), it held the status of a unicorn following Go-Jek, Traveloka, and Tokopedia. The largest owner of Bukalapak's shares is the media conglomerate EMTEK, which as of the third quarter 2017 report owns 49,21% of the service's shares marketplace founded by Zaky with Fajrin Rasyid and Nugroho Herucahyono.

Now, Bukalapak status no longer a startup. Entering the 10th year, the company achieved milestone with more than 70 users and visits to the app through 420 million times per month. There are five million sellers and three million Bukalapak partners who have joined.

Egg

Egg last year stole the show by becoming the fifth unicorn startup in the country. This was revealed last year by the former Indonesian Minister of Communication and Information, Rudiantara, who announced that the company had successfully entered the ranks of Startup Unicorn Indonesia 2020 with a valuation of US$ 1 billion. OVO is an electronic payment service provider managed by the Lippo Group.

Startup Report 2018 arranged DSResearch at the time placed Ovo as the closest candidate for unicorn status, among a range of startups valued at over $100 million. Based on Fintech Report Indonesia 2019 issued by DailySocial, Ovo is the most popular e-wallet in Indonesia and ranks second as the most used digital wallet in the country.

JD.id

Earlier this year, the platform E-commerce JD.id confirm to DailySocial that the company's valuation has exceeded US$1 billion. Thus, JD.id adds to the list of Indonesian Unicorn startups 2020 to 6 companies after the previous year Ovo who also joined the ranks of Unicorn Indonesia. There are three startups in this lineup operating in the e-commerce vertical.

JD.id first started operating in Indonesia in November 2015. Site E-commerce which has the jargon of "selling goods with original guarantees" came to Indonesia as a result of a strategic collaboration between Chinese e-commerce giant JD.com and private equity Provident Capital.

Right now, that means there are 3 e-commerce players who are ready to win the market. If platforms such as Bukalapak and Tokopedia intensify partnership programs, JD.id on several occasions always conveys its focus on strengthening logistics.