![Polibeli Group logo](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>)
June 2026
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Largest Consumer E-commerce Public Companies in Indonesia
Benchmark revenue and EBITDA valuation multiples for public comps like
Blibli, Polibeli Group, Bukalapak.com, Autopedia and Webuy Global.
 | PT Global Digital Niaga Tbk is engaged in the business of Retail Trading and programming Activities, as well as Web Portals and/or Digital Platforms. Its segments are Online Retail (First party and Third party), Institution, and Physical store. | $0 | -22% | $2B | $3B | 2.1x | (33.6x) | ||
| Polibeli Group Ltd is engaged in goods trading and others to promote the circulation of goods with a focus on making trading easier. The products offered by the company include consumer electronic accessories, household appliances, skincare products, oral-care products, cosmetics products, toys and game products, and health-care products. Geographically, the company derives the majority of its revenue from Japan. | $6 | -- | $2B | $2B | 86.1x | (557.5x) | ||
| PT Bukalapak.com Tbk engages mainly in activities related to web portals, holding activities, and other management consulting activities. The company operates an all-commerce platform in Indonesia that caters to both Micro Small and Medium Enterprises (MSMEs) and consumers. Its business lines include marketplace, offline to online, business-to-business (b2b), financial services, logistics, and many others, with the focus on serving merchants and mitra as customers. The company's reportable segments are Marketplace, Online to Offline, and Procurement. A majority of its revenue is generated from the Marketplace segment, which offers physical and virtual products across various categories, including electronics, fashion, FMCG, automotive and accessories, gaming, and more. | $0 | -12% | $599M | ($572M) | (1.5x) | (3.1x) | ||
| PT Autopedia Sukses Lestari Tbk is a forum for various business fields related to automotive. It is engaged in the provision of various services, starting from car and motorcycle auctions, buying and selling cars online, and providing data on car and motorcycle prices. | $0 | -10% | $43M | $22M | 0.4x | 3.8x | ||
| Webuy Global Ltd is an emerging Southeast Asian (SEA) community-oriented e-commerce retailer (Community e-Commerce Retailer) with a focus on grocery and travel. Community e-commerce is a deepened extension form of e-commerce, where social media users with mutual interest and like-minded behavior are connected, forming a community group within a network through an online medium. Its mission is to make social shopping a new lifestyle for consumers and to empower consumers’ purchases with an efficient, cost-saving purchasing model. The company is also engaged in selling packaged tours to its customers. The majority of revenue is derived from the sales of groceries through its online platform. Its geographic areas are Singapore, Indonesia, and Malaysia. | $1 | -87% | $5M | $5M | 0.3x | (1.4x) | ||
| Median | $0 | -17% | $599M | $22M | 0.4x | (3.1x) |
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