Total amount raised
$5.3 Billions
Latest funding date
5/1/2021
Location
Gojek has successfully raised significant funding from prominent investors such as Google, Facebook, and PayPal, among others. The platform offers a diverse range of services, including transportation, food delivery, logistics, and digital payments.
Keep reading to explore the intricacies of Gojek's fundraising journey and the investors backing this innovative platform.
What Is Gojek?
Gojek, founded in 2010 in Jakarta, Indonesia, is a digital technology platform offering a wide range of services, including transportation, food delivery, logistics, and digital payments. The company was established by Kevin Aluwi, Nadiem Makarim, and Michaelangelo Moran.
Initially starting as a call-center operation, Gojek has grown into a leading on-demand platform in Southeast Asia, operating in three countries and offering over 20 products. The platform aims to create a positive socio-economic impact on customers, driver-partners, businesses, and MSMEs.
With a workforce of 1001-5000 employees, Gojek continues to expand its services and influence, contributing significantly to the regional economy and improving the lives of millions of users.
How Much Funding Has Gojek Raised?
- Corporate Round
- Amount Raised: $300M
- Date: May 2021
- Lead Investors: Telkomsel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To finalize a proposed $18 billion merger with Tokopedia.
- Corporate Round
- Amount Raised: $150M
- Date: November 2020
- Lead Investors: Telkomsel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand digital services and strengthen market position.
- Series F
- Amount Raised: $375M
- Date: June 2020
- Lead Investors: Golden Gate Ventures, Meta, PayPal
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological infrastructure and expand service offerings.
- Series F
- Amount Raised: $1.2B
- Date: March 2020
- Lead Investors: Mitsubishi Corporation, Mitsubishi Motors, Mitsubishi UFJ Financial Group, Visa
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series F
- Amount Raised: $100M
- Date: March 2019
- Lead Investors: PT. Astra International Tbk
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business expansion and innovation.
- Series F
- Amount Raised: Not publicly disclosed
- Date: January 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue growth and development of core services.
- Series F
- Amount Raised: $920M
- Date: October 2018
- Lead Investors: Google, JD.com, Tencent
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand digital payment services and enhance user experience.
- Series E
- Amount Raised: $1.5B
- Date: February 2018
- Lead Investors: Tencent
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new verticals.
- Series E
- Amount Raised: Not publicly disclosed
- Date: August 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing expansion and service diversification.
- Series D
- Amount Raised: $550M
- Date: August 2016
- Lead Investors: Kohlberg Kravis Roberts, Warburg Pincus
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technological capabilities.
Total Amount Raised: $5.395B. Current Valuation: Not publicly disclosed.
Key Investors
- Telkomsel
- Details: Telkomsel is Indonesia's largest telecommunications company, providing a wide range of mobile and digital services. It is a subsidiary of Telkom Indonesia, the country's largest telecom operator.
- Investment Focus Areas: Telecommunications, digital services, mobile technology.
- Notable Investments: Gojek, digital services infrastructure.
- Golden Gate Ventures
- Details: Golden Gate Ventures is a venture capital firm that invests in early-stage companies across Southeast Asia. The firm has a strong focus on technology-driven startups.
- Investment Focus Areas: Technology, e-commerce, fintech.
- Notable Investments: Carousell, RedMart, Gojek.
- Meta
- Details: Meta, formerly known as Facebook, is a leading social media and technology company. It focuses on building technologies that help people connect, find communities, and grow businesses.
- Investment Focus Areas: Social media, virtual reality, artificial intelligence.
- Notable Investments: WhatsApp, Instagram, Oculus VR.
- PayPal
- Details: PayPal is a global online payment system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders.
- Investment Focus Areas: Fintech, online payments, digital wallets.
- Notable Investments: Venmo, Xoom, Gojek.
- Mitsubishi Corporation
- Details: Mitsubishi Corporation is a global integrated business enterprise that develops and operates businesses across virtually every industry, including energy, metals, machinery, chemicals, and food.
- Investment Focus Areas: Energy, metals, machinery, chemicals, food.
- Notable Investments: Lawson, Chiyoda Corporation, Gojek.
What's Next for Gojek?
Gojek's future looks promising with the $300 million investment from Telkomsel and the anticipated $18 billion merger with Tokopedia. This merger could create a powerhouse in Southeast Asia, combining ride-hailing, e-commerce, and digital payments under one umbrella. The scale of this opportunity is immense, potentially transforming the regional market landscape.
Future fundraising opportunities are likely to arise as Gojek continues to expand its services and market reach. However, integrating operations and cultures post-merger, along with navigating regulatory and competitive challenges, will be critical hurdles. The evolving industry trends towards digital services and consolidation present both opportunities and challenges for Gojek's growth trajectory.
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