The app giant go-jek’s aim to make life easier with multiple services and additional categories has been marked by positive growth and recognised by multiple investors, such as Google, JD.com, Tencent, Mitsubishi Corporation, Provident Capital, and many others. The amount invested has exceeded US$1 billion and has taken the overall ride- hailing start-up’s valuation to nearly US$10 billion. GO-JEK has stated it will invest the funds in its transport, food delivery, logistics, mobile payments, and merchant services businesses. Funds will also be allocated to fuel its regional expansion.
The ride-hailing giant operates in five countries and 204 cities across Southeast Asia, and with its development in Vietnam continuing to grow, GO-VIET secured 40 per cent of the motorcycle transport market within three months of its initial launch in August 2018.
While focus will be placed on continued growth across Southeast Asia, GO-JEK has not forgotten the importance of the Indonesian market as its CEO and Co-founder Nadiem Makarim explained: “As we expand internationally, we are excited to extend our vision to more countries, and, at the same time, put Indonesia on the map as a regional hub for tech innovation.”