List of Startups in Indonesia that Shut Down in 2023

Daftar Startup di Indonesia yang Gulung Tikar di Tahun 2023

List of Startups in Indonesia that Shut Down in 2023

Dream - Startups or startups are no longer unfamiliar in Indonesia. Various technologies created by startups have been widely used by the Indonesian people. Indonesia also ranks sixth as the country with the most startups in the world. According to Startup Ranking data as of August 2023, Indonesia currently has 2,507 startups.

"Startup"

Startup is an aspiring company that is currently in the development stage, both in terms of product development, service aspects, and the business model being implemented.

List of Startups that have Closed Down

However, in the midst of them, many Startups have emerged, not all Startups are able to survive for long. Some Startups have also ceased their operations, also known as closing down.

List of Startups in Indonesia that Shut Down in 2023

Latest, Pegipegi Startup closes its doors on December 12, 2023. Here is a list of Startups that have ceased operations in the country.

1. Pegipegi

Pegipegi is a website that provides booking and ticket purchasing services (online travel agent/OTA) which has closed its operation on December 10 at 23:59 WIB. The startup has been operating for 12 years.

2. JD.ID

"E-commerce JD.ID has also closed its operations as of March 13, 2023. JD.ID is a subsidiary of JD.com, one of the largest e-commerce platforms in Asia."

3. Tumbasin This text does not contain any HTML tags.

Tumbasin is an e-grocery startup that will cease its services on May 2, 2023. This startup is forced to close down even though in 2020 it had tens of thousands of active users.

4. CoHive

The following 'Bahasa' text has been translated to 'English' while preserving the html tags: "Shared workspace startup (co-working space) closes due to prolonged pandemic, resulting in other issues such as funding. CoHive was declared bankrupt on January 18, 2023."

5. Rumah.com 5. Home.com

"Rumah.com will close its operations on December 1, 2023, after operating for 10 years in the homeland. Rumah.com is owned by a Singaporean company, PropertyGuru, which will also close FastKey, a software as a service (SaaS) product, on July 31, 2024."

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