Total amount raised
$5.3 Billion
Latest funding date
5/1/2021
Location
Gojek has successfully raised funds through 12 rounds, with the most recent being a Corporate Round led by Telkomsel. The platform offers a wide range of services, including transportation, food delivery, logistics, and payment solutions.
With backing from 34 investors, Gojek has grown into a leading on-demand platform in Southeast Asia, contributing significantly to the region's economy. Keep reading to explore the intricacies of Gojek's fundraising journey and the investors backing this innovative platform.
What Is Gojek?
Gojek, headquartered in Jakarta, Indonesia, is a leading on-demand platform in Southeast Asia. The company offers a wide range of services, including transportation, food delivery, logistics, and payment solutions. It operates in three countries and has over 20 products.
Founded as a call-center operation, Gojek has grown into a Decacorn, boasting nearly 190 million app downloads and 900,000 food merchants. The company employs between 1001-5000 people and has significantly contributed to the Indonesian economy, with a $7 billion impact in 2019.
How Much Funding Has Gojek Raised?
- Corporate Round
- Amount Raised: USD 300,000,000
- 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: USD 150,000,000
- Date: November 2020
- Lead Investors: Telkomsel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expansion in various service areas.
- Series F
- Amount Raised: USD 375,000,000
- Date: June 2020
- Lead Investors: Golden Gate Ventures, Meta, PayPal
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and expand market reach.
- Series F
- Amount Raised: USD 1,200,000,000
- 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 accelerate growth and expand service offerings.
- Series F
- Amount Raised: USD 100,000,000
- Date: March 2019
- Lead Investors: PT. Astra International Tbk
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen market position and enhance service quality.
- Series F
- Amount Raised: USD 920,000,000
- Date: October 2018
- Lead Investors: Google, JD.com, Tencent
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new markets and improve technological infrastructure.
- Series E
- Amount Raised: USD 1,500,000,000
- Date: February 2018
- Lead Investors: Tencent
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance service offerings.
- 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 growth and development.
- Series D
- Amount Raised: USD 550,000,000
- Date: August 2016
- Lead Investors: Kohlberg Kravis Roberts, Warburg Pincus
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand service offerings and market presence.
- Series C
- Amount Raised: USD 170,000,000
- Date: April 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and expand market reach.
Gojek has raised a total of USD 5,615,000,000. The current valuation is Not publicly disclosed.
Key Investors
- Telkomsel
- Details: Telkomsel is a major telecommunications company in Indonesia, known for its extensive mobile network coverage. It is a subsidiary of Telkom Indonesia, the largest telecom operator in the country.
- Investment Focus Areas: Telecommunications, digital services.
- Notable Investments: The webpage does not provide specific details about other notable investments by Telkomsel.
- Golden Gate Ventures
- Details: Golden Gate Ventures is a venture capital firm based in Singapore, focusing on early-stage investments in Southeast Asia. The firm has a strong track record of supporting startups in the region.
- Investment Focus Areas: E-commerce, fintech, digital health.
- Notable Investments: Carousell, RedMart, Alodokter.
- Meta
- Details: Meta, formerly known as Facebook, is a leading social media and technology company headquartered in Menlo Park, California. It operates several popular platforms, including Facebook, Instagram, and WhatsApp.
- Investment Focus Areas: Social media, virtual reality, artificial intelligence.
- Notable Investments: Oculus VR, WhatsApp, Instagram.
- 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. It is headquartered in San Jose, California.
- Investment Focus Areas: Fintech, e-commerce, digital payments.
- Notable Investments: Venmo, Xoom, Honey.
- Tencent
- Details: Tencent is a Chinese multinational conglomerate holding company, known for its various internet-related services and products, entertainment, AI, and technology both in China and globally. It is headquartered in Shenzhen, China.
- Investment Focus Areas: Social media, gaming, fintech.
- Notable Investments: JD.com, Epic Games, Snap Inc.
What's Next for Gojek?
Gojek's future looks promising with the recent $300 million investment from Telkomsel and the proposed $18 billion merger with Tokopedia. These opportunities could significantly expand Gojek's market reach and service offerings, positioning it as a dominant player in Southeast Asia's tech landscape.
As the company continues to grow, future fundraising opportunities are likely to arise, attracting more strategic investments. However, Gojek may face challenges such as integrating operations post-merger and navigating competition from other regional players. Despite these hurdles, the company's strong foundation and strategic partnerships suggest a bright future ahead.
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