1. DScovery

Kopi Kenangan Becomes a Unicorn, This is a Row of 2021 Centaurs Startups that are Ready to Follow

Indonesia has 50 startup centaurs as of November 2021. It is not impossible that in the next year the unicorn category will add new members.

The list of Indonesia's 2021 centaurs startups experienced a reduction in members with the release of Kopi Kenangan, which last December 27 had entered the ranks of unicorns.

The term centaur itself is interpreted as "future unicorn” or “unicorn sister” are startups with a company value of between $100 million (Rp1,4 trillion) and $1 billion (Rp14 trillion).

In DailySocial.id's annual record, as of November 2021, Indonesia has 50 startups (still including Kopi Kenangan) with 4 of them successfully entering the top 10 largest startup investments throughout 2021.

So which startups are included in the 2021 centaurs startup ranks?

Below DailySocial has summarized 7 of the 50 startup centaurs 2021:

1. SiFast

Established since 2014, PT SiCepat Ekspres, which offers logistics services in March 2021, has completed Series B fundraiser with a total value of $170 million or 2,44 trillion Rupiah. The Series B funding round is claimed to be the largest in Southeast Asia.

The participating investors were Falcon House Partners, Kejora Capital, DEG (German Development Finance Institution), Asia-based insurance underwriters, MDI Ventures, Indies Capital, Pavilion Capital (a subsidiary of Temasek Holdings), Tri Hill, and Daiwa Securities.

This fresh fund is planned to be used to strengthen SiCepat's position as a logistics service provider. From this fantastic total funding, as of November 2021 SiCepat managed to occupy 5th place of the 10 biggest startup investments in 2021.

2. Video

One of the largest local OTT platforms with 62 million subscribers, video, in November 2021 secured their first external funding of $150 million (Rp2,1 trillion) from Affinity Equity Partners (Affinity), Asia's largest private equity firm.

The company that offers live programming and video on demand, including original series, local/international films, and live shows was previously wholly owned by Emtek Group under Surya Citra Media (SCM).

This total funding has succeeded in bringing Vidio to the 6th position of the top 10 largest startup investments in Indonesia in 2021.

3. Ulna

This startup company that focuses on helping MSMEs has become a hot topic of discussion because it managed to attract a VC made by Amazon founder Jeff Bezos, Bezos Expeditions, in the Series B round stage. Not only that, but also other leading investors such as Northstar Group, AC Ventures, Citius, Prosus Ventures. , Tencent, and B Capital with a total funding of $87 billion.

It's not over, last November Ula again announced the acquisition of additional fresh funds for this Series B of $23,1 million (over 328 billion Rupiah) led by Tiger Global and Flipkart Co-founder Binny Bansal.

When calculated, the total funds obtained by Ula throughout November 2021 amounted to $130.1 million, making Ula the 7th startup in the top 10 biggest investment startups in Indonesia 2021.

4. Seeds

Focusing on online mutual fund investment applications that are easy for beginners, Seeds which since 2019 has been acquired by Stockbit, occupies the 9th position in the top 10 largest investment startups in Indonesia in 2021. Bibit managed to pocket $95 million as of November 2021.

Previously, in May 2021 Bibit received $65 million or equivalent to 938 billion Rupiah led by Sequoia Capital India.

5. Ruangguru

Founded by former special staff of President Jokowi, Belva Devara, startup EdTech Ruangguru occupies the 20th position of the 2021 Indonesian startup investment list with a total funding of $ 55 million as of this November.

Besides being present in Indonesia, Ruangguru also entered to expand the market to Thailand using the StartDee brand in 2020, after being present in Vietnam with the KienGuru brand the year before.

6. Halodoc

The next centaur startup is a health app platform Halodoc which raised $80 million in funding as of November 2021. Make Halodoc is ranked 12th in the biggest investment startup Indonesia 2021.

This fund was generated from a Series C funding round led by Astra International, Temasek, Telkomsel Innovation Partners, Novo Holdings, Acrew Diversify Capital Fund, Bangkok Bank and several previous investors such as Blibli Group.

7. Socialla

Sociolla, a beauty-tech company that is still included in the last centaurs category in this summary, managed to pocket $57 million as of November 2021.

Is known Sociolla is optimizing the omnichannel concept. Throughout this year Sociolla inaugurated 10 new outlets spread across major cities in Indonesia. Sociolla said this step was a series of post-international expansion to Vietnam last October.

 

Seeing the development of centaurs startup funding throughout 2021, which poured large funds for startups to continue to grow, it is not impossible that in the next one year many of these centaur startups will follow in Kopi Kenangan's footsteps.

To see a list of other centaurs startups and the order of total funding for each 2021 centaurs startup, you can refer to the annual report "DailySocial.id Annual Report 2021" at the following link https://annual.dailysocial.id/


Disclosure: This article was written by Deva Alyaning Tyas

Are you sure to continue this transaction?
Yes
No
processing your transactions....
Transaction Failed
try Again

Sign up for our
newsletter

Subscribe Newsletter
Are you sure to continue this transaction?
Yes
No
processing your transactions....
Transaction Failed
try Again