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Go-jek, Indonesian Start-Up Company that becomes famous world wide

Indonesia tops Asia-Pacific in small businesses performance
Jumat, 22 Januari 2016 10:14 WIB | 435 Views

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MELBOURNE, Australia, Jan. 22, 2016 (Antara/Medianet International-AsiaNet) --

New survey data from CPA Australia shows Indonesia's small businesses are significantly outperforming their competitors in the Asia-Pacific on the key economic drivers of innovation, e-commerce and social media.

The findings, from CPA Australia's annual Asia-Pacific Small Business Survey, follow extensive surveying of nearly 3,000 small business operators in Malaysia, Vietnam, China, Hong Kong, Singapore, Australia, New Zealand and Indonesia.

CPA Australia chief executive Alex Malley says the annual survey shows that Indonesia is unrivalled in the Asia- Pacific when it comes to innovation.

"Indonesia is leading its competition in other markets in the region in innovation and is the top performer when it comes to other future drivers of growth and job creation ¿ exporting, and e-commerce.


"Indonesia's small business sector has had the most successful 12 months of all the Asia-Pacific markets surveyed, with 91 per cent of respondents reporting that they grew over this period, well above the survey average of 68 per cent.

"This very strong sentiment is expected to continue in 2016, with 93 per cent of small businesses expecting to grow. And again, this is well above the survey average of 71 per cent across the Asia-Pacific.

"The sector's positive outlook is translating into jobs, with two thirds of Indonesia¿s small businesses increasing the number of their employees in the past 12 months, up from 49 per cent in 2014 and well above the survey average of 33 per cent.

"This strong performance and positive outlook is despite some challenging external factors such as slowing growth in China, weak recoveries in the economies of the US, Japan and the Euro area and weak commodity prices," Malley said.

Key findings from the survey where Indonesia is outperforming its competition in the Asia-Pacific include:
* 46 per cent of respondents definitely expect to innovate through the introduction of a new product, service or process, compared with the survey average of 22 per cent
* 86 per cent of respondents expect to grow their e-commerce presence to a large extent, compared with the survey average of 32 per cent
* 94 per cent of respondents earned revenue from online sales, compared with the survey average of 69 per cent

The CPA Australia Asia-Pacific Small Business Survey provides annual insights into the views of small businesses across the region and forms part of a longitudinal study that began in 2009.

Indonesia tops Asia-Pacific in small businesses performance - ANTARA News
 
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Indonesia’s GoJek Acquires Indian Startups, C42 And CodeIgnition
NextBigWhat - Feb 19, 2016

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Indonesia’s Go-jek has acquired Bangalore based startup, C42 And CodeIgnition, with Sequoia playing the match-maker role.

"The acquiring company was a consulting client of ours introduced to us by Sequoia mid last year. We’d been building their systems for a few months already as consultants, so they knew our capabilities well and were already leaning on us in a big way – our engineering work had contributed to 40x scaling in daily transaction volumes at the time acquisition talks were initiated." [Sidu, cofounder]

The original plan was wanted to build an R&D centre here in India to be able to hire experienced product folk. After working with us for a few months, they figured it was much better for the business to acquire us rather than start from scratch as we were already battle tested and had a leadership team in place that had proven it could get things done well.

Go-jek is the largest online business in Indonesia now in the people transport (GO-RIDE), logistics (GO-BOX, GO-SEND), O2O and hyperlocal space (GO-MART), and the fastest growing in the world outside of China – 900x increase in monthly transaction volumes in ~10 months. The company already has the largest food delivery business (GO-FOOD) in SE Asia.

The co-founders of C42 are taking on the following roles: CTO of Go-Pay, the digital payments business (Ajey Gore, ex CEO CodeIgnition, ex CTO Hoppr.com, ex Head of Tech ThoughtWorks India), Chief Architect (Niranjan Paranjape, ex CTO C42, ex ThoughtWorks) and Chief Product Officer (Aakash Dharmadhikari, ex CPO C42, ex Burrp.com). I’m building out the India operations as MD of Gojek India (ex CEO C42, ex ThoughtWorks).

All four of the founders are also joining the board of directors of Go-jek.

Indonesia's GoJek Acquires Indian Startups, C42 And CodeIgnition
 
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Go-Jek goes from two to four wheels with launch of Uber rival


Indonesia’s motorcycle ride-hailing app Go-Jek today rolled out an app update – but it’s no ordinary update. Apart from a drastic change in the interface, the startup has rolled out a new service called Go-Car, confirming rumors of its foray into a new category.

Go-Car, similar to Uber and GrabCar, taps private car drivers or owners. It’s an addition to Go-Jek’s rapidly expanding range of services, which also covers food and parcel delivery. The startup operates only in Indonesia. In October last year, it secured funding from Sequoia Capital.

Our Jakarta-based correspondent Aditya Hadi tried to book a Go-Car and found a 13.7-kilometer ride to cost US$3.65. For the same distance, Uber charges US$2.78, while GrabCar costs US$4.

Go-Jek also rebranded its cashless payment system Go-Jek Credit to the much more catchy Go-Pay. Users can top up their credit using ATMs and online banking. Go-Jek partnered with three of Indonesia’s biggest banks – Bank Central Asia, Bank Rakyat Indonesia, and Bank Mandiri – for this feature.

Converted from Indonesian rupiah. Rate: US$1 = INR 13,144.

With reporting from Aditya Hadi.
https://www.techinasia.com/go-jek-go-car


Before it... :D

Uber Has Launched a Motorbike Service in Jakarta
April 13, 2016

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Darren Whiteside—ReutersMotorcyclists ride on a major route next to a toll road into Jakarta on Feb. 25, 2015


Indonesia's capital is said to have the worst traffic of any city in the world
the JakartaPost. There are others firms that do the same thing, like Grab and GoJek (which boasts a fleet of 200,000 drivers), but Uber says that its rates are the town’s best, the BBC reports.

Traditional cab drivers will likely not respond kindly to this new incursion into their market. In late March, thousands of Jakarta cabbies brought parts of the city to a halt when they went on strike to protest the advent of ride apps.


[BBC]
 
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Uber competitor Go-Jek is about to team up with Indonesia’s largest taxi company
7COMMENTS
  • nadine-370.jpeg
  • Nadine Freischlad4:55 PM on May 9, 2016
    • 728
    • Tempo.

      Blue Bird, Indonesia’s largest taxi and transportation company, is apparently teaming up with Go-Jek, Indonesia’s homegrown app-based ride-hailing company.

      “The collaboration between Go-Jek and Blue Bird will cover aspects of technology, payments, and promotions,” the company said in a statement today.

      All initiatives, it went on, will focus on improving transportation services through mobile solutions for people across Indonesia.

      Go-Jek’s smart maneuvers
      The collaboration announcement is another twist in Indonesia’s transportation saga, but doesn’t come as a surprise. Go-Jek has cleverly maneuvered itself into a position where it is the most likely tech partner for Blue Bird.

      The protests didn’t succeed in getting Grab and Uber banned.
      Earlier this year Jakarta was rocked by a conflict between the taxi industry, Uber, and Grab. Blue Bird was one of the companies criticized for instigating street protests against the ride-hailing apps.

      In the end, the protests didn’t succeed in getting Grab and Uber banned, and the government came up with a new set of rules, under in which ride-hailing companies are allowed to operate.

      Go-Jek managed to stay out of the limelight in this conflict – after all, it only offered two-wheeler transportation at that time and the rules were specific to four-wheelers.

      Go-Jek-startup-in-Indonesia.jpg

      Go-Jek is a popular app for hailing motorbike taxis in Indonesia’s capital. It promises a safer ride than the tens of thousands of riders who pick up passengers in the city each day.

      But sure enough, just after the regulations were released, Go-Jek announced its own foray into cars with the launch of Go-Car. It was a bit late in the game, considering GrabCar and Uber already hold strong positions in that segment, but it’s a clear signal that Go-Jek’s ambitions extend beyond motorcycle transportation.

      In the meantime, Blue Bird opened up to the idea of using tech to improve transportation services, even announcing plans to “uberize” its own fleet.

      Instead of “uberizing,” it turned to Go-Jek. As the two local firms, it made sense for them to team up to form a strong alliance against Grab, which is from Malaysia, and Uber from the US.

      Go-Taxi?
      What can we expect from the collaboration? The most obvious form could be a solution like Grabtaxi, which uses the app to order a taxi through existing taxi companies. Grab already has partnerships with Express, Blue Bird’s competitor, as well as some other smaller taxi companies.

      But the partnership between the two local firms could also go further. According to theJakarta Globe, Blue Bird reportedly called on the government to allow them to operate like a car hailing app, which would also allow them to charge fares based on real-time taxi supply and demand.

      If Blue Bird taxis do away with their taximeters and take an adaptive fare, they become very similar to Uber and Grab cars.

      Blue Bird Group extends beyond taxis for personal transportation. The company also has buses and is involved with logistics, so there are many possible ways it could make use of Go-Jek’s technology.
      https://www.techinasia.com/go-jek-teams-up-with-blue-bird
 
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Go-Jek hunts for Indian talent for its app-based motorcycle taxi service


COMMENT · PRINT · T T
economy, business and finance[/paste:font]
company information
India
economy, business and finance

It has no plans to address the Indian market though it is very similar to Indonesia.
Go-Jek, an Indonesian app-based motorcycle taxi service, is planning to hire about 200 people in India to help innovate new products, according to its founder.

They include developers, data scientists, designers and product managers who would work in areas such as mining data, building mobile applications and internal portals.

Best talent
“We want the best Indian engineering talent. We are now 40 here,” said Nadiem Makarim, Founder, Go-Jek. He said Go-Jek’s India team is providing immense value in terms of bringing in the latest technology and sharing knowledge with its local team in Indonesia.

Mobile-focused
“Here, we have the next generation of engineers who are very mobile focused,” said Mr.Makarim who started Go-Jek as a call centre and a side project while studying for an MBA at Harvard Business School in 2011. He unveiled the Go-Jek app last January in Jakarta and since then, it has been downloaded over 14 million times.


Backed by investors like Sequoia Capital and Russian billionaire Yuri Milner’s DST Global, it has partnered over 2 lakh motorcycle drivers and 5,000 trucks nationwide in Indonesia.

This February, Go-Jek bought Bengaluru-based C42 Engineering and Delhi-based CodeIgnition Software Solutions mainly to hire talent.

Mr.Makarim said that he had no plans to tap the India market even though it was very similar to Indonesia. However, this was not because of the regulations that recently halted the motorcycle taxi services of Uber and Ola in Bengaluru following a ban and seizure of vehicles by transport authorities.

“Regulations will forever lag behind innovation,” said Mr.Makarim who believes Indonesia is a big enough market for the firm. “Also, there is a lot of competition in India, we rather become a good colleague than a competitor, everybody is competing with Uber.”He said he was aware of the shake-up in the Indian tech industry.

Keywords: Go-Jek, mobile app, motorcycle taxi service
http://www.thehindu.com/business/In...ed-motorcycle-taxi-service/article8616901.ece
 
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KKR, Warburg Pincus in Talks to Invest in Indonesian Motorcycle-Hailing App
Go-Jek launched its services last year

By ALEC MACFARLANE and RICK CAREW in Hong Kong and P.R. VENKAT in Singapore
Updated July 15, 2016 5:25 a.m. ET
Wall Street Journal

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A Go-Jek motorcycle transported a customer through the bustling streets of Jakarta, Indonesia, in March. PHOTO: DIMAS ARDIAN/BLOOMBERG NEWS

Big-name investors KKR & Co. and Warburg Pincus LLC are taking the “Uber bet” to a new extreme as they consider an investment in an Indonesian motorcycle-hailing app that would value the startup at more than $1 billion.

The private-equity firms are in discussions to participate in a fundraising round for PT Go-Jek that could raise around $400 million and value the Indonesian ride-hailing company at about $1.2 billion including the fresh funds, according to people familiar with the matter. Go-Jek, named after the motorcycle taxis, or ojeks, which customers can order through its app, is courting new and existing investors for the fundraising effort.

The people familiar with the situation said the round hasn’t been completed and the terms and participating investors could change.

Investors world-wide are pouring money into ride-hailing apps that are burning cash to fund subsidies to attract drivers to their platforms. Go-Jek offers cheap, on-demand motorcycle taxis that can be booked through smartphones. The company offers fixed prices and pickups, meaning passengers don’t need to haggle over prices at motorbike stands. It has also expanded its offerings into on-demand grocery shopping, delivery services, masseuses and beauticians, and has also ventured into offering cars and minivans.

If successful, Go-Jek’s fundraising round would elevate it into the small club of Southeast Asian startups valued at more than $1 billion. Beyond its larger competitor Grab, others billion-dollar startups include online game and messaging business Garena Interactive Holding Ltd.—valued at about $3.75 billion in a March funding round—and e-commerce company Lazada Group. In April, China’s Alibaba Group Holding Ltd. agreed to pay $1 billion for a majority stake in Lazada.

Heavy gridlock on the streets of Indonesia, Southeast Asia’s most populous country and its largest economy, makes motorbike services a popular ride-hailing option for customers looking to cut through traffic. The country’s ratio of motorbikes and scooters to cars was 10 to one in 2014, according to the Indonesian Automotive Industry Association.

Go-Jek competes for Indonesian passengers with ride-hailing companies like U.S.-based rival Uber Technologies Inc., whose valuation of nearly $68 billion makes it the world’s most valuable startup, and Singapore-based GrabTaxi Holdings Pte Ltd., which operates across Southeast Asia and was valued at $1.6 billion in a funding round last year. Indonesia is home to a population of more than 250 million people. About 30 million of those people live in Jakarta, the capital.

Go-Jek launched its app in January 2015 and operates in 10 Indonesian cities. Both Uber and Grab began as car-hailing companies but have also moved into offering motorbikes. In 2014 Grab launched GrabBike, which now operates in five cities in Indonesia. Uber also started offering motorcycle bookings in February with the launch of UberMotor, which it currently offers in three Indonesian cities. Go-Jek’s app was the most downloaded of the three companies in Indonesia in the first quarter of this year, according to mobile-app analytics firm App Annie, followed by Grab then Uber.

Grab says that Indonesia has become its largest market by completed rides across all of its platforms. This week, it said its GrabBike offering quadrupled in Indonesia so far this year, despite cutting subsidies in half.

Go-Jek has been burning cash as it provides subsidies to attract riders to its platform. The company spent $73 million between October 2015 and March 2016 to grow its business, leaving it with just over $100 million in the bank as of March, according to an investor presentation viewed by The Wall Street Journal. That cash spent resulted in a 12% growth in passengers for its service over that period as the company cut driver subsidies and reduced fare prices, the presentation said.

Go-Jek completed an average of about 340,000 bookings a day in January 2016, according to the investor presentation. Rides aren’t expensive: The average fare for Go-Jek was just $3 over the 12-month period through January 2016, the presentation said.

Jakarta-based Go-Jek’s existing investors include DST Global, run by Russian billionaire Yuri Milner, who made his name with early bets on Facebook Inc. and Twitter Inc. Others include venture-capital firm Sequoia Capital and NSI Ventures, a unit of Northstar Group, the Southeast Asian private-equity firm whose backers include U.S. buyout giant TPG Capital.

Other similar businesses in Indonesia include LadyJek, which specializes in female drivers for women who don’t want to sit behind a male stranger. Another is Ojek Syar’i, whose drivers are all Muslim women. Most services offer rain gear for wet days and insurance coverage in case of accidents.


—Newley Purnell in Singapore and Resty Woro Yuniar in Jakarta, Indonesia contributed to this article.

Source: https://defence.pk/threads/indonesia-economy-news-updates.198270/page-83#ixzz4F6YibujA

@skyhigh88
 
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Indonesia’s Go-Jek raises $550 million to battle Uber and Grab
Posted 30 minutes ago by Jon Russell (@jonrussell

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Go-Jek, the motorbike taxi on-demand service that rivals Uber and Grab in Indonesia, has closed $550 million in new funding, a source close to the company told TechCrunch. The deal values Go-Jek at $1.3 billion and could be announced as soon as this week, we understand.

Go-Jek did not respond to a request for comment or confirmation.

The company plans to spend the money growing its services businesses, and continuing to compete with its fierce rivals in Indonesia. It doesn’t appear that this round will fund an expansion outside of Indonesia, according to our source.

The Wall Street Journal last month reported that Go-Jek was in talks to raise $400 million, with KKR and Warburg Pincus among the potential new backers. The startup’s existing investors include Sequoia Capital, DST Global and Singapore-based NSI Ventures.

The deal makes Go-Jek one of the few unicorns in Southeast Asia. Others tech companies valued in excess of $1 billion include games firm Garena ($3.75 billion), Go-Jek rival Grab (estimated $1.5 billion-$1.6 billion) and Amazon-like shopping site Lazada ($1.5 billion valuation).

Go-Jek was founded in 2010 but it didn’t begin to take off in major way until 2014, as this profile explains. It then grew faster after it introduced a mobile booking app in early 2015.

Go-Jek claims 200,000 motorbike drivers — known as “ojeks” in Indonesia — in its fleet across Indonesia, which is the world’s fifth largest country with a population of over 250 million people.


The company is best known for hailing motorbike taxis on demand, a type of transportation popular in parts of Southeast Asia where heavy urban traffic makes two wheels faster than four. Demand is particularly high in Jakarta, which is home to some 30 million people andone of the planet’s most congested cities. In addition to regular rides, Go-Jek offers on-demand services like food, shopping and package deliveries.

The company said recently that it processed 20 million booking requests in June 2016, or around 667,000 per day. Internal documents seen by TechCrunch show it fulfilled 256,000 rides per day, as of April 2016.

Grab introduced a similar service — GrabBike — to Indonesia last year, and Uber’s UberMoto competitor showed up in the country this year, but Go-Jek is widely acknowledged to be leading the pack in Indonesia.

This new fund raising comes at an interesting time for Southeast Asia’s on-demand services.Uber’s decision to sell its China operations to Didi Chuxing is likely to mean that the U.S. company — valued at $66 billion — will divert more resources into Southeast Asia and India, potentially increasing the competition with Grab in its six markets and Go-Jek in Indonesia. Uber has already started launching new services across Southeast Asia and reached operational profitability in two countries.

Grab meanwhile welcome Didi’s deal with Uber as evidence that the U.S. ride-hailing giant can be defeated by local rivals. The Didi-Uber deal seemed to throw Grab’s alliance with Didi, which invested in the Singapore-based company last year, into jeopardy but Didi is reportedly leading a new round of investment in Grab, according to both Bloomberg and the Wall Street Journal. That round could reportedly rise to $1 billion, while Grab has said that it is still to touch the $350 million Series E round that it raised one year ago.

Internal documents viewed by TechCrunch show that Go-Jek had $104 million in cash on its books as of March and that it spent $73 million over the previous six month period. Given the increased competition it is likely to face, this new raise is hugely important if it is to continue to compete with its cash-rich rivals on subsidies and marketing.
https://techcrunch.com/2016/08/04/indonesias-go-jek-raises-550-million-to-battle-uber-and-grab/
 
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hmmm dig the zombie thread? he is merely updating the news
 
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Uber and Grab are very new technological companies operating in Singapore currently. But in a few years time, they are going to face a very tough challenge here from an even more advance technology: self-driving taxis. They are expected to on Singapore's roads by 2018. They are going to be much cheaper without drivers.
 
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Indonesia’s GO-JEK acquires Bengaluru-based healthcare startup Pianta
By Aritra Sarkhel, ET Bureau | Sep 27, 2016, 09.15 AM IST
India Times
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BENGALURU: One of Indonesia's hottest startups GO-JEK has acquired Bengaluru-based Pianta, a marketplace for home healthcare services, for an undisclosed sum. GO-JEK, backed by Sequoia Capital and Yuri Milner-backed DST Global, also delivers food and grocery items.

The acquisition is expected to bolster the Indonesian startup's foray into the healthcare space. "GO-JEK is moving to launch an on-demand healthcare product which might have on demand delivery and logistics issues, which might have on demand delivery and logistics issues, which is where Pianta forte is," Sidu Ponnappa, Managing Director, GOJEK Engineering India told ET.

Founded in 2010, GO-JEK has over two-lakh motorbike taxis, known as "ojeks" in its fleet. Since then, the company has diversified into food, grocery and even courier-delivery services.

In August 2016, the company became the first UnicornBSE 0.00 % in Indonesia when it raised $550 million from the likes of KKR, Warburg Pincus, Farallon Capital, Capital Group Private Markets.

In India, GO-JEK doesn't have any services but has an engineering centre in Bengaluru where it employs 60 people.

"Pianta's core team comes from Ola and Flipkart and their expertise in the logistics and payments sector is well aligned with our goals and what we are planning to achieve in the coming quarters," says Ponnappa.

Pianta, which was founded in 2015 by Swaminathan Seetharaman (ex-Ola), Ganesh Subramanian (ex-Ola), and Nitin Agarwal (ex-Flipkart), had received an undisclosed amount of seed funding from FreeCharge founders Kunal Shah and Sandeep Tandon earlier this year. "We met through mutual friends and realised GO-JEK's interest in our domain expertise," said Swaminathan Seetharaman, cofounder, Pianta.

"India has a great pool of technology and product development minds. The Bangalore office plays a strategic role in accessing talent for us across all spheres of product delivery, development, architecture, user experience, and quality control," says Ponnappa.

http://economictimes.indiatimes.com/small-biz/startups/indonesias-go-jek-acquires-bengaluru-based-healthcare-startup-pianta/articleshow/54537060.cms
 
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More giants pour money into Indonesia’s Go-Jek
Monday, 19 Feb 2018

PUBLICLY-listed diversified conglomerate Astra International announced last week that it is investing US$150mil in Go-Jek, adding to the list of big companies investing millions of dollars in the tech startup.

On the same day, Djarum Group’s subsidiary PT Global Digital Niaga (GDN), the owner of major e-commerce platform Blibli.com, stated that it would become Go-Jek’s newest investor, though it had yet to provide the exact figure of investment.

Astra president director Prijono Sugiarto said he was highly impressed by Go-Jek’s efforts in maintaining its success, adding that the ride-hailing app’s determination to keep on innovating and thus developing the country was something that moved him.

“I felt very proud when I read Fortune’s [magazine] ‘Change the World’ list and saw Go-Jek’s name there,” Prijono said.

Go-Jek founder and chief executive officer Nadiem Makarim said the investment from Astra was its largest to date, adding that the funds would be used to build more innovations and help Indonesia develop as a superpower in SouthEast-Asia.

Nadiem said the partnership with Astra would involve vehicle distribution and financing, but declined to provide further detail.

Meanwhile, GDN chief executive officer Kusumo Martanto said the investment his company had made in Go-Jek was long-term and had significant value, adding that it was one of the investors helping in the first round of the tech startup’s fund raising.

He said GDN and Go-Jek would collaborate in three areas, namely technological innovation in logistics services, merchandising and new product development.

“We have collaborated with Go-Jek in several features such as Go-Send and Go-Points, and we see that Go-Jek shares many similarities with us,” he said.

“Both of us are providers of [e-commerce] platforms and provide access for many micro, small and medium enterprises [SMEs], so we want to help SMEs grow,” he said.

George Hendrata, GDN’s director of business diversification, said the company was open to the possibility of investing in Go-Jek’s next round of fund raising.

As Go-Jek has attracted big investments in its first round of fund raising this year, its co-founder Andre Soelistyo said the funds would be used to expand its operations to more cities, especially in the eastern part of Indonesia, from the current 50 cities it operates in, while also developing more innovations this year.

One form of such innovations would be forming a hub and academy for young Indonesian engineers to learn programming, data science and other skills, he said.

Tech titan Alphabet Inc’s Google recently confirmed its investment in Go-Jek to tap into enormous business opportunities in the country, which has the fifth-largest number of Internet users in the world. — The Jakarta Post/ANN

https://www.thestar.com.my/business/smebiz/2018/02/19/more-giants-pour-money-into-indonesias-gojek/


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