Top SaaS Companies in Indonesia

List of the largest SaaS companies in Indonesia (Click to apply)

These are the top SaaS companies in Indonesia. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Indonesia by featuring these 55 companies with combined revenues of $2.8B.

Together, Indonesia SaaS companies employ over 21K employees, have raised $1.4M capital, and serve over 5M customers around the world.

$0 - $1M ARR
  1. Urbanhire $828.0K
  2. periksa.id $753.1K
  3. Moodah $741.9K
$1M - $5M ARR
  1. Pawoon $4.6M
  2. Olsera $4.5M
  3. Talenta $4.0M
$5M - $10M ARR
  1. Snapcart $6.7M
$10M+ ARR
  1. SIRCLO $46.3M
  2. Shipper $39.2M
  3. Mekari $16.6M
  4. Eden Farm $11.1M
  1. 01
    Bank Negara Indonesia

    Bank Negara Indonesia

    Financial Services Software

    PT Bank Negara Indonesia Tbk is an Indonesian state-owned bank, with the government holding just over half of the bank's outstanding shares. BNI's main banking activities include deposit-taking, providing credit, issuing debt instruments, money transfer se

    $3B

    20K

    18K

    1946

    Indonesia

  2. 02
    SIRCLO

    SIRCLO

    E-Commerce Software

    SIRCLO is a developer of a website building platform used to create a comprehensive e-Commerce service that can facilitate online sales.

    $46M

    $11M

    4K

    514

    2013

    Indonesia

  3. 03
    Shipper

    Shipper

    DevOps Software

    Shipper is a logistics platform that helps freight forwarders to deliver goods easily.

    $39M

    $88M

    300K

    400

    2019

    Indonesia

  4. 04
    Mekari

    Mekari

    HR Software

    Mekari is a SaaS company based in Indonesia. Products include Talenta, Sleekr, Jurnal, and KlikPajak.

    $17M

    $18M

    600

    464

    2015

    Indonesia

  5. 05
    Eden Farm

    Eden Farm

    Delivery Service Software

    Delivering fruits and vegetables to multi-segment restaurants and grocery stores in Indonesia. We wo...

    $11M

    113

    2019

    Indonesia

  6. 06
    Ritase

    Ritase

    Supply Chain & Logistics Software

    Provider of a truck logistics digital platform intended to connect ERP system to varied logistics companies. The company offers O2O truck freight platform that integrates service to trucker and shipper real time by directly monitoring through a detailed re

    $11M

    $13M

    129

    2017

    Indonesia

  7. 07
    waresix

    waresix

    Supply Chain & Logistics Software

    Provider of an online platform intended to offer on-demand warehouse services. The company's platform connects business owners with professional warehouse operators so that they can receive features like consolidation of inventory in different places, docu

    $11M

    $129M

    250

    135

    2017

    Indonesia

  8. 08
    PrivyID

    PrivyID

    Identity Management Software

    Developer of an online electronic identity verification technology designed to perform electronic transactions with confidence. The company's technology provides valid and legally binding electronic identity and signature, enabling businesses to verify the

    $10M

    $6M

    5M

    210

    2014

    Indonesia

  9. 09
    GreatDay HR

    GreatDay HR

    Software as a Service Platform(SaaS)

    Mobile Human Resource Management for employee data, attendance tracking, benefits, payroll, and engagement

    $7M

    85

    2018

    Indonesia

  10. 10
    PT Sentra Vidya Utama

    PT Sentra Vidya Utama

    Education Software

    Meet The Best SEVIMA is the leader of Academic Information System solution in Indonesia, located at Surabaya, East Java, Indonesia. We are the right mixture of the best business analyst and technology specialist, Internationally certified and we have rece

    $7M

    114

    2004

    Indonesia

1-10 of 55

Next

What are the fastest growing companies doing?

83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

Which CEO’s are the most efficient capital allocators?

We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.