What is Go-jek? Go-jek Review

1. About Go-jek

Go-jek Android version is a well-known travel service software in Indonesia. With the continuous upgrading of services, it has gradually developed into an integrated service of transportation, online shopping, ticket booking, etc., which has brought great convenience to users' travel and life. It is a must-have app for traveling to Indonesia.

2. Development History

In 2016, CB Insights listed the company's valuation at $1.8 billion.

Go-Jek’s investors include Google, KKR, Tencent and JD.com, and the company recently received investments from Google, Temasek Holdings and PT Astra International.

It acquired Uber's Southeast Asian business in March 2018. Japanese automaker Toyota invested $1 billion in Grab, valuing it at approximately $10 billion.

On June 28, 2018, Indonesian taxi-hailing app Go-Jek was negotiating financing matters with investors such as Tencent and JD.com.

On October 30, 2018, Google, Tencent and JD.com will invest US$1.2 billion in Go-Jek, which will value the Indonesian "online motorcycle taxi" company at US$9 billion.

In October 2019, co-founder and CEO Nadiem Makarim announced his resignation to join the cabinet of Indonesian President Joko Widodo.

3. Corporate Cooperation

On March 5, 2018, Tito Sulistio, president of the Indonesia Stock Exchange in Jakarta, said that Go-Jek executives led by President Andre Soelistyo visited the exchange officials. After meeting with officials of the Indonesia Stock Exchange, the shared travel service Go-Jek is considering an IPO (initial public offering). Soelistio said Go-Jek is eager to list in Jakarta. This will give Indonesian residents, including drivers on the company's platform, the opportunity to hold its shares.

Go-Jek may also consider a dual listing to allow foreign investors to invest in the company, said Sulistyo of the Indonesian Stock Exchange. Go-Jek would be allowed to list even if it is not yet profitable, as long as it can forecast future profitability.

It acquired Uber's Southeast Asian business in March 2018. Japanese automaker Toyota invested $1 billion in Grab, valuing it at approximately $10 billion.

On June 28, 2018, Indonesian taxi-hailing app Go-Jek is negotiating with investors such as Tencent and JD.com for financing. In order to further expand its Southeast Asian market and challenge its competitor Grab, Go-Jek plans to raise up to US$1.5 billion in a new round of financing. Go-Jek is negotiating with investors such as Tencent, Google and JD.com for related matters.

In March 2019, Go-Jek announced a partnership with Doctor Anywhere, a Singapore telemedicine service platform, which will provide certified physician services on demand to Go-Jek platform drivers. From April 1, Go-Jek platform drivers can use Doctor Anywhere's video medical consultation service to solve common non-emergency diseases. Drivers will enjoy company discounts when consulting, prescribing medicines, providing medical certificates and referrals.

IV. Service Content

The company has grown from a motorcycle-sharing app to a comprehensive service that offers features such as bill payment, food ordering and movie ticket buying.

V. Development Goals

Go-Jek CEO Nadiem Makarim's goal is to allow customers to use the company's services to pay for coffee, groceries, various tickets and other goods and services.

6. Obtaining Honors

On August 20, 2019, Fortune released the list of “Companies Changing the World”, with Go-jek ranking 11th.

On October 21, 2019, Hurun Research Institute released the "2019 Hurun Global Unicorn List", and Go-jek ranked 23rd.