Allianz X Announces 481 Billion Rupiah Investment for Go-Jek

Allianz X's initial investment in Southeast Asia

Marsya Nabila - 12 April 2018

Allianz Group, German-based insurance company announces an investment of $35 million (about Rp481 billion) for Go-Jek, through its investment arm for digital business, Allianz X.

The investment is part of the round joined by Blibli, Astra, Google, Tencent, JD, Meituan and Temasek worth around US$ 1.5 billion. Allianz to be the only international-scale insurance company as Go-Jek's shareholder.

Nazim Cetin, CEO of Allianz X said in an official release that this is the first investment for a SEA-based company, the fourth throughout the year.

"Allianz X's strategic investment in Go-Jek emphasized on our commitment to digital business growth, particularly in developing countries. Go-Jek has demonstrated a successful track record in transportation, logistics, and payment sectors. We're very willing to support the further developments," he said (4/11).

Joos Louwerier, Allianz Life Indonesia's President Director added, both companies will tighten relationships through various partnerships that soon to be launched. It will offer a range of unique financial products and services for Go-Jek's community and customers.

Both companies have already partnered since two years ago. Allianz Indonesia provides health insurance to Go-Jek's driver-partners. The service then expanded in providing health insurance for their families.

Currently, Go-Jek has acquired over 1 million drivers in 50 cities throughout Indonesia.

Original article is in Indonesian, translated by Kristin Siagian

Are you sure to continue this transaction?
processing your transaction....
Transaction Failed
Try Again is a news portal for startup and technology innovation. You can be a part of`s startup community and innovation members, download our tech research and statistic reports, and engage with our innovation community.

Sign up for our

Subscribe Newsletter