Go-Ventures Reportedly Invests in Online Media Company Kumparan

Go-Jek's President Andre Soelistyo joins the board of commissioners

Amir Karimuddin - 6 September 2018

Nadiem Makarim, in the late August, has confirmed the establishment of Go-Ventures, Go-Jek's investment arm targeting SEA startups. The next day, we reported Kumparan is collaborating as an in-app news experiment in Go-Jek app. Today, Budiono Darsono, Kumparan's President Commissioner, announces Andre Soelistyo (Go-Jek's President) to join Kumparan's board of commissioners per September through his Facebook status.

Per our source, Go-Jek enters Kumparan through Go-Ventures. There hasn't any further detail on the investment value and why Go-Ventures invests in Kumparan. We haven't received an official release regarding this issue.

Providing news content in app is a common way to be a super app. It's considered to be able to increase the time spent by consumers. The same step is taken by its competitor, Grab, with Grab Daily.

Kumparan, led by CEO Hugo Diba, was founded in early 2017 by Detikcom's co-founders and former employees. It has received funding from GDP Ventures' investment unit last year. Moreover, in late 2017, Net Mediatama Television's Founder and CEO Wishnutama also joined Kumparan's board of Commissioners.

Disclosure: Kumparan, DailySocial, and GDP Ventures are under the same investor.Original article is in Indonesian, translated by Kristin Siagian

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