Blibli and Astra International Reportedly Involved in Go-Jek’s Latest Funding Round

Blibli and Astra International Reportedly Involved in Go-Jek’s Latest Funding Round

Blibli is backed by GDP Venture, both companies in total investing around Rp3 trillion
Blibli and Astra International are reportedly participating in Go-Jek's latest funding round
Blibli and Astra International are reportedly participating in Go-Jek's latest funding round

Not only Google and several Chinese investors that took part in Go-Jek’s current funding round, expected to raise around $1.5 billion (around 20 trillion Rupiah). Two local companies, e-commerce player Blibli and automotive giant PT Astra International are reportedly also participating by investing Rp3-3.5 trillion (around $250-290 million) in total for this leading on-demand startup. Blibli, backed by GDP Venture, last year had already acquired two OTA startups, Tiket.com and Indonesia Flight. Go-Jek is currently valuated at around $4 billion (Rp54 trillion).

According to Katadata, Astra International is reportedly investing $150-170 million, while Blibli is participating with $100-120 million. The agreement is said to be signed recently. None of Astra International, Blibli, or Go-Jek is giving its comment for this matter.

Previously Google has confirmed its participation in Go-Jek’s funding round. Google stated that it’s investing in Go-Jek because of strong management and leadership. It’s part of first step on winning internet economy that’s significantly rolling in Indonesia and Southeast Asia.

Beside Go-Jek, also involved in this funding round are several other prominent investors, including Tencent, JD.com, Temasek, and Meituan-Dianping. In 2017, Go-Jek had acquired three fintech startups and one event management startup to strengthen its position in industry, including to support Go-Pay payment service.

Go-Jek is tightly competing with Grab and Uber in Indonesia and planning to expand to other country in the region by this year.


Disclosure: DailySocial, Blibli, and GDP Venture are under the same parent company

DailySocial.id adalah portal berita startup dan inovasi teknologi. Kamu bisa menjadi member komunitas startup dan inovasi DailySocial.id, mengunduh laporan riset dan statistik seputar teknologi secara cuma-cuma, dan mengikuti berita startup Indonesia dan gadget terbaru.

ENGLISH
x
Minerva | Maximize
3

Minerva is typing…