Gojek Reportedly Receives New Funding Worth 13 Trillion Rupiah from Google, Tencent, and JD.com

Gojek, ride sharing fintech service is reportedly to raise a new funding round, targeting up to $2 billion. It's necessary to facilitate regional expansion and penetration improvement of the fintech service.

Some of the previous investors are  Involved in the seed round - including Google, Tencent, and JD.com - with value up to $920 million (around 13 trillion rupiah).

This week, Gojek is reported to make an official statement. In the new round, Gojek's valuation should have reached $9.5 billion - close to Decacorn. previously, some news are reporting Telkom's plan to invest in Gojek, but until now, there's no following information regarding the rumors.

JD.com's contribution in the follow-on funding tightens strategic cooperation. Entering the end of last year, Gojek is rumored to make an acquisition of JD.id business unit in Indonesia with a value of $1 billion. Until this news was revealed, the plan has not been realized.

Control to JD.id should be Gojek's golden step to enter the e-commerce landscape in Indonesia which is currently dominated by four unicorns, Bukalapak, Lazada, Shopee, and Tokopedia. Aside from ride-sharing, Gojek will maximize fintech potential through Go-Pay.

The strategic step is necessary because Grab as a competitor is actively raising funds. In 2018, they are targeting total funding up to $3 billion. Some investors are involved in this funding, including the three top-tier automotive companies, Hyundai, Kia, and Yamaha.

- Original article is in Indonesian, translated by Kristin Siagian