The Startup Ecosystem of Indonesia

Indonesia has 5 cities in the top 1000 and is one of South East Asia’s best countries for setting up a startup.

COUNTRY RANKING

Since 2023, Indonesia lost 3 spots in the Global Startup Ecosystem Index, having now positioned itself as 41st worldwide.

Population

275.5
Million

Regional Ranking

2nd
0
In South East Asia

Global Ranking

41st
-
3
Worldwide

Ecosystem

Startup Ecosystem Overview

gray concrete bridge near high-rise buildings
Indonesia has the largest market size in Southeast Asia and has a young, talented, internet savvy workforce. As one of the most populous countries in the world, Indonesia enjoys the rare advantage of creating massive startups and unicorns that can focus on the low hanging fruit of serving its own domestic economy.
In recent years, improving the country’s connectivity has been a focal point for the public sector. For the startup landscape, this translated into additional government support for tech and IT startups. One example is the government-run accelerator Startup Studio Indonesia that aims to empower the startup ecosystem and digital industry in the country. In addition, efforts have been made to attract investment, reduce the regulatory barriers for establishing a business, and tackle bureaucratic challenges. Supported by these initiatives, Indonesia has become a leader in Southeast Asia for tech investment. Success stories such as J&T Express, Ovo, and Traveloka are more and more common with startups racing to achieve unicorn status. Jakarta is the key startup hub in Indonesia, hosting the aforementioned unicorns, and boasts a high level of entrepreneurial activity as the capital city.
Growth in digital infrastructure, partly accelerated by the COVID-19 pandemic, can be a huge gain for Indonesia’s startup ecosystems. Cities on the Island of Bali have long been attractive to digital nomads. Now, with the digital nomad visa and better internet connectivity, foreign talent may finally have the opportunity to establish their businesses and form startup hubs in Indonesia.

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ECOSYSTEM

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Ecosystem

The Startup Ecosystem in Indonesia

Our startup ecosystem map for Indonesia includes a sample of 339 tech companies. We have identified as unicorns 8 startups that have passed the USD 1 billion valuations.

Global Rank

Indonesia is ranked within the top 50 startup ecosystems globally.

Top Industries

Indonesia’s startup scene is best represented in Transportation, Ecommerce & Retail, and in and Foodtech.

Top Cities for Startups in Indonesia - Ranked by StartupBlink
StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
Rows:
2023 National Rank & Change ▲
Access subscores for 1000 cities and 100 countries
2023 National Rank & Change City
search leaderboards icon
Global Rank & ChangeTotal ScoreQuantity ScoreQuality ScoreBusiness Score
1st
0
29th
+
3
24.073
00.00
00.00
00.00
2nd
0
386th
+
19
0.877
00.00
00.00
00.00
3rd
+
4
874th
new
0.163
00.00
00.00
00.00
4th
+
1
931st
-
27
0.140
00.00
00.00
00.00
5th
-
2
938th
-
229
0.137
00.00
00.00
00.00
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Startups

Notable Startups in Indonesia
Tokopedia startup icon
Tokopedia
Ruangguru startup icon
Ruangguru
Halodoc startup icon
Halodoc

Startups

Successful Transportation startups in Indonesia
Shipper startup icon
Shipper
Deliveree Logistics startup icon
Deliveree Logistics
Kargo Technologies startup icon
Kargo Technologies

Startups

Startups Ranking by Industry

Transportation icon
Transportation
#24 worldwide

On our map, you can explore a total of 81 startups for Transportation.

Ecommerce & Retail icon
Ecommerce & Retail
#29 worldwide

In South East Asia, Indonesia's Ecommerce & Retail is in top 29. Indonesia has a concentration of about 72 of the region's total Ecommerce & Retail startups that are represented on our map.

Foodtech icon
Foodtech
#37 worldwide

Indonesia's Foodtech is ranked 37th in the world. Our database contains 62 for this industry.

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