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Articles tagged “gojek”

Grab Nabs $856 Million From Japanese Investors Amid Merger Speculation With Rival Gojek

Grab Nabs $856 Million From Japanese Investors Amid Merger Speculation With Rival Gojek

Takashi Umekawa and Anshuman Daga, Reuters

Whether rumors of a merger with rival Gojek will become a fact remain to be seen, but the latest fund injection Grab received for its payment services war chest is a clear boost for its valuation.

1 month ago

Airbnb Vs. Local Regulators Is a Lopsided Battle

Airbnb Vs. Local Regulators Is a Lopsided Battle

Shira Ovide, Bloomberg

The cities and municipalities that are trying to contain the likes of growth-hungry startups like Airbnb have a major disadvantage: Their adversaries have fought this fight multiple times before.

4 months ago

Ridehailing Gojek CEO Resigns to Join Indonesian Cabinet

Ridehailing Gojek CEO Resigns to Join Indonesian Cabinet

Tim Culpan, Bloomberg

In Southeast Asia, Indonesia President Joko Widodo is seen as a “tech star.” The country has birthed several decacorns, including Gojek and Traveloka. The appointment of Gojek’s CEO Nadiem Makarim to the Indonesian cabinet further shows Jokowi's zeal for tech transformation that has created more jobs rather than killed them.

5 months ago

Indonesia’s Gojek Says It Will Raise $2 Billion By Year’s End

Indonesia’s Gojek Says It Will Raise $2 Billion By Year’s End

Yoolim Lee, Bloomberg

Gojek's optimism it will raise $2 billion by the year's end is not misplaced. Though the funding is less than half of Grab's $4.5 billion, Gojek has its strengths. It is more creative, expanding into medicine and massage delivery even, and is more marketing-savvy than Grab.

7 months ago

Grab Will Pump in Another $150 Million Into Artificial Intelligence

Grab Will Pump in Another $150 Million Into Artificial Intelligence

Yoolim Lee, Bloomberg

A further investment into artificial intelligence and localized languages — underserved in Southeast Asia — will give Grab a huge edge over its archrival. So watch out, Gojek.

7 months ago

Amazon May Invest in Indonesia Superapp Gojek

Amazon May Invest in Indonesia Superapp Gojek

Yoolim Lee and Crystal Tse, Bloomberg

Amazon is upping its presence in Southeast Asia, and currently has no toehold in Indonesia. This potential investment in Gojek could be an entry point there, as well as bolster its food delivery efforts in the region.

7 months ago