Via ID invests in the Indonesian unicorn GO-JEK

To Category Via ID's news

Posted on 23 March 2018

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Following the opening of its office in Singapore last November, Via ID announced its first investment in Asia in partnership with Hera Capital, a private equity fund based in Singapore. This venture is part of a fundraising round with well-known investors such as Google, Astra International, Temasek, Tencent, JD.com and Meituan-Dianping, and will enable the acceleration of the Indonesian unicorn company in a market with exceptional growth.

GO-JEK, the Indonesian ‘Uber’ that has superseded Uber

Launched in 2010 as a motorcycle-taxi service, GO-JEK today is the largest mobile digital platform for multiple on-demand services in Indonesia. Currently implanted in the 50 largest cities in Indonesia and the undisputed leader in its market, the GO-JEK platform offers services in mobility (motorcycle-taxis, chauffeur-driven cars, buses), deliveries and urban logistics (meals, parcels, etc.), concierge activities (home cleaning, massages, hairdressing, etc.), as well as online payment solutions. GO-JEK now has 15 million active users every week, 900,000 motorcycle-taxi, taxicab and car hire chauffeurs, 125,000 merchants and 100 million transactions processed on its platform.

Go-Jek-APP

This fund raising will enable the unicorn to continue to grow and strengthen its leading position in the fourth most populated nation in the world. GO-JEK has enormous growth potential; by 2030, Indonesia will have an additional 90 million people in its consumer base – more than any other country in the world except China and India. Moreover, it will see a significant increase in the number of people having Internet access, with an extra 32 million surfers, which means there will be 145 million ‘connected’ people in Indonesia by 2020.

Find out more about GO-JEK

A significant operation for Via ID in the global mobility market

For Via ID, this first investment in Asia is an important step in its internationalisation strategy.

‘Following the opening of the San Francisco office in 2016 and three investments in American startups in 2017 (Swiftly, Migo and Spotangels), it was important for Via ID to be present in the Asian market. By opening our office in Singapore, an avant-garde city-state regarding new mobility and Smart Cities, and by investing in a unicorn such as Go-Jek alongside well-known investors, we are clearly looking to position ourselves as a key player on the world stage in new modes of mobility’ – Yann Marteil, Executive Chair of Via ID.