Blibli and Astra International Called to Participate in the Go-Jek Funding Round

Not only Google and a number of Chinese investors are participating in Go-Jek's funding round, which is expected to raise around $1,5 billion (around 20 trillion Rupiah). Two local companies, e-commerce service Blibli and automotive giant PT Astra International, are said to have taken part in disbursing a total of around 3-3,5 trillion Rupiah for this on-demand service with the status of a unicorn. Blibli, backed by GDP Venture, last year acquired two OTA services, Tiket.com and Indonesia Flights. Based on the latest information, Go-Jek's valuation is in the range of $4 billion (or around 54 trillion Rupiah).

As quoted from Dataword, Astra International is said to have deposited $150-170 million, while Blibli has disbursed $100-120 million. This deal was signed recently. Neither Astra International, Blibli, nor Go-Jek would comment on this information.

Previously Google has confirm involvement in Go-Jek's funding round. Google said it invested in Go-Jek because of its strong leadership and management team. This is considered to be the first step to win the internet economy which is currently rolling significantly in Indonesia and Southeast Asia.

Besides Google, also participate new international investors such as Tencent, JD.com, Temasek, and Meituan-Dianping. In 2017, Go-Jek acquired 3 fintech services and 1 event management service to strengthen its position in the industry, including supporting Go-Pay payment services.

Go-Jek competes with Grab and Uber in Indonesia and it plans to expand to other countries in Southeast Asia starting this year.

- Disclosure: DailySocial, Blibli, and GDP Venture are under the same parent company