ACV Capital portfolio companies represent half of Indonesia’s Forbes Asia 100 to Watch 2026 cohort
Published on August 24, 2026
ACV Capital portfolio companies account for half of Indonesia’s representation in the Forbes Asia 100 to Watch 2026, with Durianpay, Sirka, Soul Parking and Waste4Change among the eight Indonesian companies selected this year.
The sixth annual list features 100 privately held companies across 16 Asia Pacific markets. AI is a defining theme of the 2026 cohort, with close to a quarter of the companies operating in enterprise technology and offering AI-related services. Robotics, biotechnology and sustainability also feature prominently, reflecting investment and business activity across both digital and physical industries.
ACV Capital’s four portfolio companies on the list span finance, biotechnology and healthcare, consumer technology, and energy and green technology.
Durianpay
Durianpay, selected in Finance, provides enterprise payment infrastructure to more than 400 businesses in Indonesia, supporting payment acceptance and real-time disbursements across banks, e-wallets, cards, QRIS, and other payment channels. The company processed more than US$5.5 billion in total payment volume in 2025 and has been profitable since 2024, while continuing to expand its customer base and payment infrastructure.
Beyond its core payments business, Durianpay is expanding into services including faster settlement and cross-border payments. The company is developing stablecoin-backed cross-border infrastructure for business transactions, using digital assets as a settlement layer while beneficiaries receive funds in local currency through licensed partners. This extends Durianpay’s infrastructure from domestic payment processing toward regional transaction flows as it prepares to expand beyond Indonesia.
Sirka
Sirka, selected in Biotechnology & Healthcare, is building an integrated metabolic healthcare platform combining digital and in-person care. Initially focused on nutrition coaching and professional consultations, the company has expanded into a broader model spanning physician-led care, diagnostics, pharmacy services, and structured health programs. Sirka now operates two clinics in Greater Jakarta focused on weight management, digestive health, diabetes care, and chronic disease management, with three additional locations planned.
The company is profitable and continues to expand its consumer and institutional healthcare businesses, including partnerships with corporate and hospital accounts. Sirka is also integrating AI across its patient journey to support further scale. Its AI-enabled workflows cover patient intake and triage as well as clinical pre-analysis, while licensed physicians retain responsibility for diagnosis and prescriptions. In an early pilot, AI reduced median consultation start times from approximately 26 minutes to three minutes and increased patient conversion from 33% to 60%, while allowing the same clinical team to handle higher patient volumes without additional clinical headcount.
Soul Parking
Soul Parking, selected in Consumer Technology, is digitizing parking infrastructure for property owners and users across Indonesia. Since its founding in 2020, the company has expanded to more than 150 locations nationwide, serving more than five million users through partnerships with commercial properties. Its platform combines mechanized motorcycle parking systems, parking management software, and digital services for drivers, while its space-saving systems can increase existing parking capacity by up to eight times.
The company continues to grow its revenue while operating profitably and expanding its footprint across Indonesia. Its business model spans revenue-sharing partnerships with property owners, technology and equipment sales, recurring software and asset subscriptions, and additional services across its parking network. Following its Series A extension led by ACV Capital and AppWorks in 2025, Soul Parking is expanding into second- and third-tier cities while developing adjacent smart mobility services, including EV charging infrastructure.
Waste4Change
Waste4Change, selected in Energy & Green Tech, provides waste management services to approximately 400 companies and 21,000 households. The company reports having managed more than 90,000 tonnes of waste since its founding, including 38,000 tonnes in 2025, through activities including materials recycling and organic waste composting.
The four companies operate across different parts of Indonesia’s economy, from payments and healthcare delivery to urban infrastructure and waste management, with each addressing distinct operational and infrastructure needs within its market.
Across Asia Pacific, companies on this year’s list have raised US$2.4 billion to date, including almost US$1 billion in 2026. India leads the cohort with 19 companies, followed by Singapore with 15, China with 10, and Japan and South Korea with nine each. Indonesia and Australia each have eight companies represented.
Forbes Asia selected the 2026 cohort based on factors including industry and regional contribution, market fit, business model, innovation, consistent revenue growth, and the ability to attract funding. Eligible companies are privately held, for-profit businesses headquartered in Asia Pacific.
