Gojek Is to Invest in Two Indian Startups
Developing joint venture with Rebel Foods and to provide fresh funding for MPL
Prayogo Ryza - 1 April 2019
Indonesia based online transportation company, Gojek, is said to invest in two Indian startups, Rebel Foods and Mobile Premier League (MPL). The two startups will complete Gojek’s business line in its ambition to be “super app” — a concept that’ll put Gojek as the all-in-one app.
As reported by India Times, Gojek and Rebel Foods is in a discussion to build a joint venture company. Both are to be invested around $8-10 million to bring the “cloud kitchen” concept and skill from Rebel Food to the Southeast Asian market.
“One of the senior executive of Rebel Foods will led this company,” said one of the source quoted from India Times.
In addition, Gojek also said to invest in MPL, an India based game developer startup. The rumor has been started since 2018. Total investment has reached $30 million or around Rp431 billion. The investment will bring up MPL valuation up to $150 million. Previously, MPL has secured Series A funding from Sequoia Capital which also Gojek’s investor.
India is one of the country that contributes to Gojek’s current success. In India, Gojek has acquired four developers and build an R&D center in Bangalore.
Gojek moves rapidly in 2018. They expand to some countries in Southeast Asia by entering Vietnam, Singapore, and Thailand.
- ShopeeFood Beri Sinyal Masuk Persaingan Layanan “Food Delivery”
- Realisasikan Integrasi dengan Rebel Foods, Gojek Operasikan Layanan Cloud Kitchen “Dapur Bersama GoFood”
- Waku Terus Perluas Area Bisnis di Tengah Momentum Pertumbuhan Aplikasi Kuliner
- Yummy Corp Kantongi Pendanaan Seri B Senilai 175 Miliar Rupiah
- Mengenal Lebih Dekat Konsep “Cloud Kitchen”
Original article is in Indonesian, translated by Kristin Siagian
Thank you for Reading DailySocial.id
Starting at less than Rp 5.000/Day. You get unlimited access to DailySocial.id