Indonesian unicorn Go-Jek raised $ 1.5 billion

by bold-lichterman

Indonesian start-up Go-Jek, which is developing a scooter-taxi service for individuals, has raised $ 1.5 billion from a dozen investors, including BlackRock and Google, according to information obtained by Reuters . With this lift, the company is now valued at $ 5 billion.

This lifting should allow Go-Jek to be more competitive in the extremely competitive Southeast Asian market. The company also has the backing of strong investors like Temasek Holdings and Tencent Holdings.

Uber and Grab in ambush

According to Reuters, one of the competitors of Go-Jek, the start-up Grab, of Singaporean origin, is already valued at more than 6 billion dollars. In addition, Uber recently announced that it will continue to invest heavily in the region, although it expects to lose money at first, due to the price it costs it for this need to. stand out from competition.

5 million active users per week for Go-Jek

Go-Jek will therefore have to fight to not lose its place in the Indonesian market where both Uber and Grab are being deployed. Note that Go-Jek is more than a simple transport service for individuals. Its many services mark the daily life of Indonesians. Its digital platform offers, among other things, home meal delivery and payment solutions. In December, the company claimed 900,000 drivers and 15 million active users per week.