Kedutaan Besar Republik Indonesia
Embassy of the Republic of Indonesia
Ambassade de la RÉpublique d'Indonésie

Google Invests in Ride Hailing Firm Go-Jek

TEMPO.CO,A�Jakarta – Google reportedly invested in the ride-hailing mobile application Go-Jek as an attempt to support and participate in Indonesiaa��s internet economic growth.

a�?The funding deepens Google’s commitment to Indonesia’s internet economy,a�? said Google Vice President Caesar Sengupta as reported by Reuters on Monday, January 29.

A source from the company said to Reuters that Google, Temasek, and Meituan-Dianping invested into Go-Jek and participated in the fundraising that was held at the end of last year.

The fundraising was also participated by KKR & Co. LP and Warburg Pincus LLC. It reportedly managed to collect a total of US$1.2 billion.

This latest investment will further empower Go-Jek and place them well-ahead their competitors such as Grab and Uber. Indonesia has become a purpose of expansion considering its large lucrative market.

Go-Jek not only provides online transportation services, but it also has expanded to the food delivering service and has also developed an in-house digital payment system named Go-Pay. The company is currently developing its QR code payment system.