Although photons in free space barely interact, matter can mediate interactions between them resulting in optical nonlinearities. Such interactions at the single-quantum level result in an on-site photon repulsion, crucial for photon-based quantum information processing and for realizing strongly interacting many-body states of light. Here, we report repulsive dipole–dipole interactions between electric field-tuneable, localized interlayer excitons in the MoSe2/WSe2 heterobilayer. The presence of a single, localized exciton with an out-of-plane, non-oscillating dipole moment increases the energy of the second excitation by ~2 meV—an order of magnitude larger than the emission linewidth and corresponding to an inter-dipole distance of ~7 nm. At higher excitation power, multi-exciton complexes appear at systematically higher energies. The magnetic field dependence of the emission polarization is consistent with the spin-valley singlet nature of the dipolar molecular state. Our finding represents a step towards the creation of excitonic few- and many-body states such as dipolar crystals with spin-valley spinor in van der Waals heterostructures.