Gojek operates ride-hailing and payments services in Indonesia and has expanded into food delivery and other digital services. The company is working to seal a proposed merger with e-commerce platform Tokopedia to create a new entity called GoTo in an $18 billion deal, according to media reports. Gojek has raised over $3.45 billion to date from investors including Google, Facebook, PayPal, Visa, and Tencent. It maintains a strategic partnership with Telkomsel dating to 2018 that includes subsidizing mobile data costs for driver partners and integrations such as Telkomsel MyAds with GoBiz and onboarding MSME partners via the DigiPOS Aja! application. The firms also co-market gaming services through Telkomsel’s Dunia Games and GoPay in collaboration with Tencent. Telkomsel, which has more than 170 million subscribers, said the investment will open opportunities to scale digital services and innovations developed by homegrown companies. Gojek began as a ride-hailing service and has grown into a multi-service platform that includes digital payments and food delivery. The company serves about 170 million users in Indonesia. Gojek has raised over $3 billion to date and was valued at about $10 billion earlier this year. It has been lossmaking and competes directly with rival Grab. Gojek and telecom operator Telkomsel have an ongoing commercial relationship dating back to 2018 to subsidize driver mobile data usage. The firms say they will explore a broad range of collaboration opportunities to reach millions more Indonesians and deepen digital-economy adoption. Gojek operates ride-hailing, meal delivery, and payments services across Southeast Asia. The company announced a $1.2 billion funding round and has now raised nearly $3 billion in total. Investors in the latest round were not disclosed, although existing backers include Google, Tencent, and Temasek. Leadership is held by co-CEOs Andre Soelistyo and Kevin Aluwi after founder Nadiem Makarim left to become Indonesia’s education and culture minister. Gojek said it will use the new funding to expand operations and that it is engaged in ongoing conversations with potential partners. The company faces competition from Grab and has been the subject of merger-talk rumors; there were also unconfirmed reports of interest from Amazon. Gojek is an Indonesian ride-hailing and multi-service company that offers a range of on-demand services. The company has launched a new video streaming offering. Gojek plans to add Japanese content to that streaming service as part of a partnership with investors. The immediate financial development is a planned investment of about $50 million from the state-backed Cool Japan Fund. The investment is also intended to promote Japanese cuisine through Gojek’s platform. No other financial metrics or user numbers are provided in the article. Go-Jek operates a ride-hailing and on-demand services platform and is expanding its core transport offering across Southeast Asia. The company is raising a Series F round and pulled in $100 million from Astra, an existing investor. Go-Jek is aiming to bring in at least $2 billion in the round and has closed around half of that capital. Astra's investment includes a strategic joint venture to equip Go-Jek's cars with Astra's fleet management system, with a rollout starting with "thousands" of Go-Car drivers. The capital is being raised to expand Go-Jek's services regionally; the company recently launched its Thailand-based Get business, has expanded to Vietnam and Singapore, and is primed to offer services in the Philippines soon. The company is Indonesian and competing for regional market share.

Total raised

$4.5B

Funding rounds

9

Latest round

Equity

Latest activity

May 2021