Best Retail Companies in Indonesia
The 666 best Retail companies in Indonesia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Tokopedia.
Retail in Indonesia, ranked by disclosed equity funding and recent momentum, now spans 666 tracked companies and $6.5B in total disclosed capital. That number deserves a second look. Tokopedia alone accounts for $3.3B of it, and SIRCLO has pulled in $132M, which means two names are doing heavy lifting while the rest of the field competes for the remaining share. Aruna sits at $70M, DACHIN at $17M, and the gap between those figures and Tokopedia's haul tells you everything about how concentrated this funding story really is. The global retail market was valued at roughly $795.6B in 2024, forecast to reach $1,283.6B by 2034 at a 4.0% CAGR, and Indonesia's digital-first operators are positioned squarely inside that expansion.
So what's actually moving? App installs across 806 retail and internet retail apps are growing at a median of roughly 20% YoY, which signals genuine consumer adoption, not just investor enthusiasm. Hot analytical themes right now are retail expenditure trends, CPI shifts, and inflation breakdowns, the kind of coverage that follows a market where margin pressure is real. East Ventures, AC Ventures, and Alpha JWC Ventures are the most active backers here, and I'd argue their repeated presence signals conviction rather than opportunism. Two unicorns have emerged from this field already. The directory you're looking at reflects where the verified capital has actually landed, so you can cut through the noise and focus on who's built something fundable.
- Shein's “Supply Chain as a Service”: Reshaping Retail Logistics
- America’s top 100 retailers in 2023: Walmart reigns supreme
Ranked: Best Retail companies in Indonesia
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | App-install YoY | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Tokopedia 🦄 Online retailer of various product categories providing a marketplace platform | $3.3B | 67 mo ago | 173 | Albertus Aldo | SalesforceGoogle CloudReact+18 | — | — |
| 2 | Bukalapak 🦄 Online marketplace platform offering multi-category consumer products on flash sales | $584M | 62 mo ago | 1,584 | Willix Halim Ceo | Node.jsGSAPVue.js+22 | +18% | 2 awards |
| 3 | SiCepat Provider of standard and custom delivery and logistics solutions | $324M | 63 mo ago | 60,000 | Rudy Swigo Founder & CEO | SentryNode.jsAnt Design+16 | +37% | — |
| 4 | Sociolla Online retailer offering multi-category beauty products | $220M | 44 mo ago | 1,500 | Christopher Madiam Co-Founder & COO & President | ZohoFacebook LoginElement UI+28 | — | 2 job openings · 2 internships |
| 5 | KinerjaPay Payment link provider | $200M | 89 mo ago | 60 | Edwin Ng CEO | — | — | — |
| 6 | LummoSHOP Provider of storefront solution for online businesses | $149M | 52 mo ago | 308 | Lorenzo Peracchione Co-Founder | — | — | — |
| 7 | Elevenia Online marketplace offering multi-category products | $149M | 124 mo ago | 201 | — | — | — | — |
| 8 | Ula Tech-driven platform for small retailers to manage their working capital and stock | $141M | 55 mo ago | — | Nipun Mehra Founder & CEO | WordPressMySQLPHP+19 | — | — |
| 9 | GudangAda Online b2b platform for wholesale shopping | $135M | 58 mo ago | 504 | — | WordPressMySQLPHP+17 | — | 1 award |
| 10 | SIRCLO Provider of software suite solutions for e-commerce businesses | $132M | 34 mo ago | — | Brian Marshal Co-Founder & CEO | Framer SitesReactLenis+11 | — | 2 internships · 1 partnership |
| 11 | Super SuperApp: Empowering East Java retailers with easy, profitable mobile commerce | $106M | 48 mo ago | 223 | Michael Rendy Co-Founder & COO | UbuntuApache HTTP ServerAmazon Web Services+10 | +14% | — |
| 12 | TaniHub App-based marketplace to trade agriculture commodities | $94M | 60 mo ago | 754 | William Setiawan Co-Founder & CMO | — | — | — |
| 13 | Mbiz Online B2B marketplace offering multi-category products | $92M | 75 mo ago | 189 | Ryn Hermawan COO | Co Founder | ElasticsearchNode.jsMUI+21 | — | 2 job openings |
| 14 | Evermos Online reselling platform offering multi-category products | $78M | 36 mo ago | 726 | Ananda Prawira Co-Founder | WordPressMySQLPHP+27 | +15% | 3 awards |
| 15 | Aruna Provider of responsibly sourced seafood connecting fishermen to the global market | $70M | 23 mo ago | 390 | Utari Octavianty Co-Founder & Chief Sustainability Officer | WordPressMySQLPHP+23 | — | — |
| 16 | Jet Commerce Provider of eCommerce solution for businesses | $60M | 46 mo ago | 1,000 | Oliver Yang Co-Founder | WordPressMySQLPHP+13 | — | 2 partnerships |
| 17 | AgriAku Distribution enabler for crop inputs | $46M | 42 mo ago | 39 | Irvan Kolonas Co-Founder & CEO | WordPressMySQLPHP+20 | — | — |
| 18 | Warung Pintar Provider of retail store aggregator solution for local merchants | $42M | 59 mo ago | 885 | Sofian Hadiwijaya Co-Founder | Node.jsFirebaseReact+14 | — | — |
| 19 | Ralali Online B2B marketplace for multi-category products | $35M | 44 mo ago | 217 | Joseph Aditya CEO | WordPressMySQLPHP+23 | — | — |
| 20 | Pundi X POS system to buy cryptocurrency | $35M | 100 mo ago | 63 | Constantin Papadimitriou Co-Founder | SkolengoMariaDBJava+19 | +5% | 2 partnerships |
| 21 | Eden Farm App-based business-to-business marketplace offering fruits and vegetables from farms | $34M | 40 mo ago | 550 | Ramavito Mountaino Co-Founder | — | — | — |
| 22 | KitaBeli App-based group buying platform offering multi-category products | $30M | 47 mo ago | 400 | Prateek Chaturvedi Co-Founder & CEO | — | — | — |
| 23 | Moka mPOS software and hardware solutions for offline retailers | $28M | 93 mo ago | 661 | — | UnbounceNode.jsSalesforce+32 | — | — |
| 24 | Sorabel Online retailer offering multi-category products | $27M | 81 mo ago | 600 | — | — | — | — |
| 25 | iSeller Cloud based solution to enable omni-channel selling for businesses | $20M | 40 mo ago | 240 | — | Windows ServerZURB FoundationYouTube+16 | — | — |
| 26 | Praktis Provider of tech-enabled and SaaS-driven supply chain management services for businesses | $20M | 37 mo ago | 158 | Mohamad Fahrul Co-Founder | Node.jsTailwind CSSReact+8 | — | — |
| 27 | Fabelio Online retailer offering furniture | $20M | 72 mo ago | 332 | — | — | — | — |
| 28 | Yummy Corp Provider of catering management solutions to cooperate | $20M | 58 mo ago | 453 | Mario Suntanu Co-Founder & CEO | WixSentryBootstrap+11 | — | — |
| 29 | Dagangan Rural commerce platform distributing multi-category products | $18M | 25 mo ago | 244 | Maha Chandra Co-Founder & COO | WordPress Block EditorWordPressMySQL+12 | +11% | — |
| 30 | DACHIN Provider of e-commerce solutions for the markets | $17M | 9 mo ago | — | Alon Zhu Founder | Microsoft ASP.NETTenginecore-js+3 | — | 1 job opening |
| 31 | EVOS It operates a professional esports team and offers merchandise | $16M | 68 mo ago | 100 | — | PHPApexCharts.jsChart.js+16 | — | — |
| 32 | Mapan Online reselling platform to buy household products | $15M | 47 mo ago | 675 | — | — | — | — |
| 33 | Dekoruma Online retailer of furniture, home accessories, and interior design services | $15M | 57 mo ago | 562 | Aruna Harsa Co Founder / Cto | MoodlePHPMathJax+16 | — | 7 job openings |
| 34 | Jaring Pangan Retail chain of food products | $12M | 44 mo ago | 17 | — | — | — | — |
| 35 | Kitar Retailer of refurbished mobile phones with warranty and inspection services | $10M | 2 mo ago | — | Zhou Zhou Co-Founder & CEO | Cart FunctionalityShopifyElement UI+19 | — | 1 internship |
| 36 | ESQA Internet first brand of make-up cosmetics | $10M | 23 mo ago | 36 | Cindy Angelina Co-Founder & CEO | Cart FunctionalityShopifyZoho+27 | — | 1 job opening |
| 37 | SOMETHINC Internet first brand offering natural beauty care products | $10M | 44 mo ago | 525 | Irene Ursula Founder | Cart FunctionalityPHPMediaElement.js+24 | — | — |
| 38 | Manuva Platform connecting manufacturers, business owners, and retailers for packaging transactions | $8M | 33 mo ago | 168 | Anggara Pranaspati Co-Founder | Node.jsTailwind CSSReact+19 | — | — |
| 39 | Grow Commerce Platform acquiring marketplace brands | $7M | 52 mo ago | 150 | Jason Lamuda Co-Founder & CEO | — | — | — |
| 40 | RateS App-based reselling platform | $6M | 52 mo ago | 65 | Jake Goh Co-Founder & CEO | — | — | — |
| 41 | Sinbad App-based marketplace platform offering multi-category products | $6M | 43 mo ago | 190 | Emilio Wibisono Co-Founder & CEO | Cart FunctionalityWordPressMySQL+21 | — | — |
| 42 | Shox Fashion App-based retailer offering multi-category fashion products | $6M | 50 mo ago | 65 | Vyani M Co-Founder | — | — | — |
| 43 | RADC Internet first brand offering skin care products | $5M | 30 mo ago | 42 | Tiffany Danielle Co-Founder | Cart FunctionalityShopifyTailwind CSS+21 | — | 6 job openings · 1 internship |
| 44 | Baskit Provider of cloud-based supply chain distribution solutions for wholesalers and distributors | $5M | 2 mo ago | 37 | Yoonjung Yi Co-Founder | WixSentryBootstrap+12 | — | 1 job opening |
| 45 | BintanGO App-based content marketing solutions for brands | $5M | 34 mo ago | 45 | Jason L Co-Founder & CEO | Node.jsThree.jsBootstrap+18 | — | 1 job opening · 1 award |
| 46 | bababos Provider of integrated raw material procurement solutions for manufacturers | $3M | 33 mo ago | 37 | Hendrik Panca Co-Founder & CFO | WordPressMySQLPHP+16 | — | — |
| 47 | Kick Avenue Online retailer offering sneakers for men and women | $3M | 40 mo ago | 48 | — | SentryAnt Designstyled-components+22 | +26% | — |
| 48 | PasarMIKRO Developer of an online platform for point-of-sale financing | $2M | 34 mo ago | 38 | Hugo Verwayen Co-Founder | WordPressMySQLPHP+16 | — | 1 expansion |
| 49 | Gently Internet first brand offering multi-category personal care products for babies | $2M | 28 mo ago | 9 | Nyoman Anjani Co-Founder | Cart FunctionalityShopifySentry+22 | — | — |
| 50 | Liberty Society Social enterprise that curates and sells eco friendly products | $522K | 27 mo ago | — | Tamara Dewi Gondo Soerijo CEO | Cart FunctionalityShopifyBootstrap+19 | — | — |
Top 12 Retail companies in Indonesia
#1
Seed · Jakarta, Jakarta · founded 2024$10Mraised▾
Retailer of refurbished mobile phones with warranty and inspection services. Business operations include the collection, testing, and resale of pre-owned mobile devices. Each unit undergoes technical verification to ensure functionality and performance standards. The service includes a warranty period for hardware components and ensures that device identification numbers remain valid for network connectivity. Customers can purchase these devices through online platforms or physical retail outlets.
- Apr 2026Seed$10M
#2
Series A · Jakarta, Jakarta · founded 2022 · 37 employees$5.3Mraised▾
Provider of cloud-based supply chain distribution solutions for wholesalers and distributors. The company offers a cloud-native platform that provides digital tools to wholesalers and distributors. It offers an ecosystem for offline distribution businesses. The app is available on the Android & iOS platforms.
- Apr 2026Series A$4.4M
- Aug 2023Seed$500K
- Jun 2023Seed$3.3M
- Mar 2023Seed$1.5M
#3
Series A · Bekasi, West Java · founded 2019$16.7Mraised▾
PT. DACHIN ETECH GLOBAL is a leading e-commerce company focused on the Indonesian market and surrounding regions, aiming to deliver sustainable value for customers and employees alike.
- Sep 2025Series A$16.7M
- Jun 2024Seed—
#4
Series A · Jakarta, Jakarta · founded 2016 · 390 employees$70.5Mraised▾
Provider of responsibly sourced seafood connecting fishermen to the global market. It streamlines the supply chain of fishery products through technology. The business offers fresh, high-quality seafood to consumers and clients. It also provides value-added seafood products with strict production standards. The company works with partners to process and fulfill the demand for seafood.
- Jul 2024Series A—
- Jul 2024Conventional Debt—
- Jan 2022Series A$30M
- Jul 2021Series A$35M
#5
Acquired · Jakarta, Jakarta · founded 2009 · 173 employees$3.3Braised▾
Online retailer of various product categories providing a marketplace platform. The platform facilitates transactions between buyers and sellers across diverse product categories. It offers a space for sellers to list products. The platform provides features for browsing, searching, and purchasing items.
- Oct 2020Series H$350M
- Jun 2020Series H$500M
- Dec 2019Series H—
- Nov 2018Series G$1.1B
#6
Series C · Tangerang, Banten · founded 2013$132.5Mraised▾
Provider of software suite solutions for e-commerce businesses. Its solutions offered are website building, storefronts, marketplaces, chatbots, social commerce, and more.
- Jul 2023Conventional Debt—
- Jun 2023Series C$10.5M
- Feb 2023Series B$30M
- Sep 2021Series B$36M
#7
Series B · Jakarta, Jakarta · founded 2016 · 36 employees$10Mraised▾
Internet first brand of make-up cosmetics. The product offerings include highlighter, blush, lip gloss, eyeliners & shadows, palettes, and more. The company claims that the products are vegan and free of chemicals.
- Jul 2024Series B$4M
- Nov 2022Series A$6M
#8
Acquired · Jakarta, Jakarta · founded 2014 · 1500 employees$220Mraised▾
Sociolla is an online retailer offering multi-category beauty products. The product catalog includes makeup products, skincare products, hair, nail & eye products, fragrances & many more. The brands associated with the companies are Avene, Avoskin, Ariul, etc.
- Oct 2022Series E$60M
- May 2021Series E—
- Jul 2020Series E$58M
- Aug 2019Series D$40M
#9
Public · Jakarta, Jakarta · founded 2010 · 1584 employees$584Mraised▾
Online marketplace platform offering multi-category consumer products on flash sales. The product catalog includes beauty care, fashion, electronics, sports, health care, home care, groceries, stationery, pet products, and more. Its app is available on Android and iOS platforms.
- Apr 2021Series G$234M
- Jan 2021Series G$200M
- Nov 2020Series G$100M
- Oct 2019Series F—
#10
Series C · Bandung, West Java · founded 2018 · 726 employees$78.2Mraised▾
Online reselling platform offering multi-category products. The product catalog includes apparel, cosmetics, footwear, jewelry, books, electronics, home appliances, groceries, stationery, pet care, baby care, and more. The application is available on both iOS and Android platforms.
- May 2023Series C$40M
- Sep 2021Series B$30M
- Dec 2019Series A$8.2M
#11
Series B · West Jakarta, Jakarta · founded 2008 · 244 employees$18.1Mraised▾
Rural commerce platform distributing multi-category products. The product catalog includes food and beverages, personal products, baby products, home essentials, and more. Its app is available on the Android platform.
- May 2024Series B—
- Jun 2022Series B$6.6M
- Sep 2021Series A$11.5M
- Jun 2021Seed—
#12
Series B · Jakarta, Jakarta · founded 2014 · 60000 employees$323.5Mraised▾
Provider of standard and custom delivery and logistics solutions. The company offers options for various delivery needs, from standard to express services. They provide tools for managing shipments, including tracking and reporting. The business facilitates payment options and support services for its users.
- Mar 2021Series B$170M
- Dec 2020Series B$100M
- Mar 2020Series A—
- 2018Series A$50M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Retail coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.