GO-JEK
| Industry | Transport |
|---|---|
| Founded | Indonesia |
| Headquarters | Indonesia |
Key people |
|
| Website |
go-jek |
GO-JEK is an Indonesian hyperlocal transport, logistics and payments startup founded in 2010. It is also the first startup of Indonesian origin to be classified as a Unicorn[1][2][3] after closing a round of funding in August 2016. GO-JEK's fleet now exceeds 200,000 drivers and includes motorcycles, cars and trucks. People in fourteen cities in Indonesia can now hail a ride via GO-JEK.[4]
Name
GO-JEK's name is derived from ojek, a transport service that uses motorcycles.[5]
History
- October 2010: GO-JEK started with a call centre and fleet of 20 riders.
- January 2015: Launches Android and iOS app with transportation, courier and shopping for Jakarta and satellite cites with a fleet of 800 riders.
- March 2015: Expands to Bali with 300 riders. Jakarta and satellite cites now served by 2,200 riders.
- April 2015: Launches GO-FOOD and expands to Bandung.
- June 2015: Expands to Surabaya.
- August 2015: Increases fleet to 30,000 riders and expands to Makassar.
- September 2015: Launches GO-MART, an on demand shopping assistant.
- October 2015: Raises an undisclosed amount of funding from Sequoia Capital and other investors and launches GO-MASSAGE, GO-GLAM and GO-CLEAN services.
- December 2015: All online transportation services banned by Minister of Transportation. Ban lifted a day later. GO-JEK Expands to Yogyakarta, Medan, Palembang, Semarang, Balikpapan and launches GO-TIX, an event ticket booking service.
- January 2016: Enables ride hailing via LINE.
- February 2016: Announces acquisition of C42 Engineering and CodeIgnition, two engineering startups based in India, establishes a product development centre in Bangalore, India.[6] Fleet strength grows to 200,000 riders.
- May 2016: Expands to Malang, Solo and Samarinda. Announces collaboration with BlueBird, a major taxi company.
- April 2016: Introduces cars to its fleet and launches GO-CAR, a car hailing service similar to Uber.
- June 2016: Expands to Manado.
- July 2016: Introduces a car maintenance service, GO-AUTO, providing mechanics on demand. Faces problems with its digital wallet, with some user accounts being hacked.
- August 2016: Officially becomes Indonesia's first unicorn after obtaining a US$550 million investment.
In August 2016, Go-Jek received funding more than 550 million from KKR & Co. and Warburg Pincus LLC.[5] Other companies invested in Go-Jek were Farallon Capital Management LLC and Capital Group Cos.[7] In the same month, the application was downloaded more than 20 million times.[5]
References
- ↑ TechCrunch article covering 550M fundraise dated Aug 4th
- ↑ TechCrunch article carrying GO-JEK's confirmation of 550M fundraise dated Aug 4th
- ↑ E27 article covering 550M fundraise dated Aug 4th
- ↑ GO-JEK: A Unicorn's Journey
- 1 2 3 Lee, Yoolim (4 August 2016). "Go-Jek Raises Over $550 Million in KKR, Warburg-Led Round". Bloomberg. Retrieved 25 August 2016.
- ↑ GO-JEK to set up development centre in India with acquisition of C42 Engineering, CodeIgnition
- ↑ Carew, Rick (5 August 2016). "KKR, Warburg Pincus Invest in Indonesia Motorcycle-Hailing App Go-Jek". Wall Street Journal. Retrieved 25 August 2016.