Ride-Hailing Company Go-Jek Raises $100M

Go-Jek motorcycle taxi drivers and passengers travel through traffic in Jakarta, Indonesia, on Saturday, Aug. 4, 2018. Indonesia's gig economy is booming, yet there's a debate about whether that's necessarily a good thing for a big chunk of the nation's workforce or the overall economy in the long-run. Photographer: Dimas Ardian/Bloomberg

Go-Jek has picked up another $100m in fresh capital as part of its ongoing Series F funding round. Where the company aims to raise at least $2bn. The latest influx of cash has come from existing investor Astra International. An Indonesian conglomerate operating within the automotive, infrastructure, manufacturing, and agribusiness industries.

The investment – which brings Astra’s total investment in the Southeast Asian ride-hailing firm to $250m – comes with an agreement between the two parties to set up a joint venture where thousands of Go-Jek’s drivers’ vehicles, specifically Go-Car, are pre-installed with Astra’s fleet management system. The aim of the venture will be to provide opportunities for partners to provide online door-to-door transportation services.

Image Source: Google

“Industry players must join forces to maximise the great potential of the Southeast Asian digital economy, especially in Indonesia,” said Nadiem Makarim, CEO and founder of Go-Jek. “The combination of Astra’s strength in the automotive sector and GO-Jek’s leading technology will open up more opportunities for people to grow their incomes and improve their welfare.”

This post was created with our nice and easy submission form. Create your post!

FavoriteLoadingAdd to favorites

What do you think?

0 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%


Leave a Reply

Your email address will not be published. Required fields are marked *




HP Inc. To Build AM Center Of Excellence In Andhra Pradesh

Aishwarya, Abhishek To Star In Bhansali’s Film