Go-Jek joins the fray, set to raise $550M in Asia’s ride-hailing war
Share on Facebook
Share on Twitter
Share on Google+
Share on Reddit
Share on Email

Go-Jek office. Photo credit: e27.

Go-Jek office. Photo credit: e27.

Go-Jek’s services feature is a serious advantage and one place where the company stands apart from the competition

e27

Of course they did.

In the same week Didi Chuxing acquired Uber China, and subsequently turned around and invested $600 million into Grab (with help from Softbank), Jon Russell from TechCrunch is reporting Indonesia’s Go-Jek has raised $550 million of fresh funding to take on Uber and Grab in the region.

The deal would value the company at $1.3 billion.

The article cites a source familiar with the deal and claims the money is to be used for the services business and not international expansion.

Services make sense as a destination for investment because, as compared with regional rivals, Grab and Uber, Go-Jek has been the most successful in building a one-stop-shop multi-service platform in which — among others — its food delivery, package logistics, movie ticketing and cleaning services are all popular.

Regionally, Uber and Grab have not gained a similar traction outside of their core taxi and ride-sharing services.

The ride-sharing industry has made one incredible announcement after another this week as the Didi-Uber merger in China seems to be having a ripple effect across the region. Furthermore, as Grab and Didi have a significant financial tie-up, Go-Jek suddenly finds itself staring across the proverbial boxing ring at considerably well-financed competitors.

e27 has reached out to Go-Jek for a response and will update as the story develops further.

This post was originally published on e27

Share on:Share
Share on Facebook
Share on Twitter
Share on Google+
Share on Reddit
Share on Email
Kevin McSpadden

About Kevin McSpadden


Kevin (apparently) decided moving out of the Bay Area to cover the tech startup scene was a good idea. Proven correct, the man seems to enjoy paying bills as he moved basecamp from Hong Kong to Singapore. When not writing about start-ups, Kevin is probably yodelling on top of some mountain.

More Goodies From Funding


Top 10 Philadelphia startups ring loudly

Top 10 Kansas City startups spread across two states

What does your car have to say about you?