International investors include tech giants such as American firm Google and Chinese Tencent, along with the global investment company Temasek. Īfter closing a round of funding in August 2016 that raised up to $550 million, two of Indonesia's biggest companies, Astra International, and, invested in Gojek. Due to rapid growth in early 2015, Gojek attracted additional investments from Sequoia India and Northstar's private equity fund. Gojek's journey in becoming a unicorn startup started in late-2014 when it secured its first financing round from NSI Ventures (now Openspace Ventures), the venture capital fund in the Northstar Group. In 2020, the company launched GoStore, a solution that helps local micro, small, and medium-sized enterprises ( MSMEs) set up online stores with ease. Gojek recruited 100 new graduates in engineering domain from India in 2017.
This enabled them to bundle features into its app that better suits both local drivers and local consumers. Being an Indonesian-run startup played to Gojek's advantage in navigating the local regulatory environment, as well as understanding the local market. The other co-founder and long time high school friend, Michaelangelo Moran, aside from serving as the company's Brand Director, is also known for designing the company's first iconic logo and branding the whole company.Īs of May 2018, the app offers 18 services, with 2 upcoming new services in the online content business, which makes for a total of 20 on-demand services under one platform. Gojek was built to solve this problem, by providing a platform where drivers and riders can connect efficiently and allowing those drivers to improve their income. As a loyal ojek user, Nadiem discovered that ojek drivers spend most of their time waiting for customers, while customers waste time walking around looking for an available ojek. consulting for three years before starting Gojek from a tiny call centre with only 20 ojek drivers, who later became recruiters. Nadiem, a native Indonesian, holds degrees from Brown University and Harvard Business School.
Gojek was co-founded by Nadiem Makarim and Michaelangelo Moran.
Gojek has partnered with Singapore's biggest bank DBS. Gojek app was launched in January 2015, and in less than two years, the app racked up nearly 30 million downloads. It was founded in 2010 with 20 motorbike drivers. The name Gojek comes from the term “Ojek” or motorbike taxis commonly found throughout Indonesia. Gojek's first logo, used until 21 July 2019 Gojek has won financial backing from investors including Astra International, Blibli, Google, Facebook, PayPal, Mitsubishi, Sequoia, Northstar Group, Temasek Holdings, KKR, Warburg Pincus, Visa, Parallon, Siam Commercial Bank, Chinese Internet giant Tencent, JD.com,, Capital Group, among others. On, Gojek and Tokopedia announced the completion of their merger and established a new holding company called GoTo. As of June 2020, it has about 170 million users throughout Southeast Asia. It is the only company in Southeast Asia that is included in Fortune's 50 Companies That Changed the World in 20, ranked at 17 and 11, respectively. Gojek is the first Indonesian unicorn company, as well as the country's first "decacorn" company. Gojek operates in 5 countries Indonesia, Vietnam, Singapore, Thailand, and Philippines (through the acquisition of Coins.ph). Valued at US$10 billion today, Gojek has transformed into a super app, providing more than 20 services. Gojek launched its application in 2015 with only four services: GoRide, GoSend, GoShop, and GoFood. Gojek was first established in Indonesia in 2010 as a call center to connect consumers to courier delivery and two-wheeled ride-hailing services. Gojek (stylized in all lower case and stylized j as goȷek, formerly styled as GO-JEK) is an Indonesian on-demand multi-service platform and digital payment technology group based in Jakarta.