The one thing those who can do will do during times of grave uncertainty, say, a crisis like the pandemic? Get insurance. And Indonesian insurtech startups, too, have used this time to secure themselves—PasarPolis and Qoala have had a good year of funding.

PasarPolis, founded in 2015, announced a US$54 million Series B round in September, with GoVentures (Gojek’s VC arm), Alpha JWC, and Xiaomi chipping in. Interestingly, three of Indonesia’s tech unicorns—Tokopedia, Traveloka, and Gojek—have previously invested in the startup in 2018.

Qoala, established in 2018, closed its US$13.5 million Series A round in April, counting Sequoia Capital India among its investors.


Nadine Freischlad

Nadine is based in Indonesia. She covers Southeast Asia's super apps, the changing nature of work and employment, and other structural shifts happening as a result of digital disruption.

View Full Profile

Sign up to our Southeast Asia edition to read this story instantly

To sign up, you’ll create an account that will give you access to a new free story published once a week and archive of previously published free stories from our Southeast Asia edition. You’ll also receive one email every morning from us introducing the day’s story.

If you’ve already signed up, just enter your email below or login using Facebook or Google.