Indonesia Tech Enters a Phase of Investor Selectivity

In 2025, Indonesia’s tech ecosystem experienced a significant decline in funding, falling to $213 million. This marks a 38% decrease from 2024 and an 85% drop from 2023 levels. The data indicates a reduction in activity across all stages and deal types, signaling a structural capital retrenchment. Late-stage funding saw the most substantial decline, dropping 45% to $79.8 million. Capital consolidated in sectors like Food and Agriculture Tech, Retail, and Energy Tech, which raised $70.6 million, $49 million, and $44.8 million, respectively. Indonesian IPO activity remained steady with two IPOs — Superbank and Nusatrip. Jakarta reinforced its position as the primary hub for attracting investment.