National Champions in Collaboration: A Big Day for GO-JEK and for Indonesia
Today is an important day in the development of our company, as two of Indonesia’s national champions announce that they are investing in GO-JEK. PT Astra International Tbk. announced that it is investing $150m in our current fundraising round; and PT Global Digital Niaga (GDN), a subsidiary of GDP Ventures, an investment company that focuses on consumer internet services, announced that they are also investing in our company.
Both companies will now explore ways in which they can collaborate with us. We will look to benefit from Astra’s knowledge and operational expertise, while working with GDN to find new ways to empower small and medium businesses. Both companies will look to leverage our expertise in logistics, payments and most importantly, technology development.
Astra and GDN are both national champions that, like GO-JEK, are committed to accelerating the development of Indonesia. GO-JEK will benefit from both companies’ local footprint, experience and expertise.
Nadiem Makarim, Chief Executive Officer of GO-JEK, said: “Today is a particularly proud day for us as we are showcasing an alliance of the very best of Indonesian enterprise. It is testament to our strategy that two of the country’s most exciting and innovative companies have shown such confidence in us. All three organisations share a common belief – that by working together, we can accelerate the development of Indonesia and improve life for millions of people across the country.”
The investments were announced by the two new investors today at events held in Jakarta. Speaking this morning, Astra International’s CEO, Prijono Sugiarto commented: “We are excited to be part of GO-JEK’s incredible journey. The company is at the forefront of Indonesia’s digital economy, and is led by a strong Indonesian management team. By collaborating with GO-JEK, Astra wishes to create value within its existing business, while also accelerating our digital initiatives.”
“We are excited to work with a national champion like GO-JEK because it has a social mission to improve the welfare of Indonesians. This is aligned with our commitment to support the development of micro, small and medium enterprises. Technology has a significant role to play in achieving this and we are convinced of the transformative power of digitally-focused companies like GO-JEK.”
Kusumo Martanto, PT Global Digital Niaga CEO said: “GDN and GO-JEK share many similarities and values. We believe our two companies can collaborate to increase the participation of Micro, Small, and Medium Enterprises (MSMEs) in the development of the digital economy across multiple industries. Ultimately, we’d like to work with GO-JEK to find ways to develop joint technology and products that will be of great benefit to consumers in Indonesia.”
“We hope that this partnership between two of the country’s most prominent technology champions, will advance our digital ecosystem making it bigger, healthier and more integrated, while also providing the ideal place for top talent to thrive.”
Andre Soelistyo, President of GO-JEK said: “We believe technology can be the key driver of the nation’s growth, particularly as a tool to increase economic inclusion within the MSME sector. Both of these companies will help us accelerate our pace of innovation in this space as we benefit from their in-depth understanding of the opportunities and challenges within their respective sectors.”
Since its founding, GO-JEK has provided a stream of income for hundreds of thousands of Indonesians. It currently has over 1 million registered riders and over 125,000 registered merchants on its platform, providing a range of services including transportation, food delivery, couriers, domestic cleaning, and payments. The company facilitates over 100 million transactions each month.