The on-demand service provider Gojek is reportedly seeking financial advisors to help find investors. At present, Gojek is seeking additional capital of US $ 2 billion or around Rp. 28 trillion.
In early 2019, Gojek was said to have obtained an additional capital of US $ 1 billion or around Rp. 14 trillion from Google, JD.com and Tencent. As well as several other investors including Mitsubishi Corporation and Provident Capital. If additional capital of US $ 2 billion is obtained, then Gojek gets an investment of US $ 3 billion or Rp. 42 trillion in 2019.
One source who was aware of this plan said that Gojek asked one of the investment banks to help raise funds. “Gojek is looking for an investment of US $ 2 billion, which in total can reach US $ 3 billion in this funding round,” as quoted by Bloomberg, Friday (2/15).
Even so, the total funding obtained ultimately depends on investors. However, Gojek was reluctant to comment on this matter.
Gojek Group CEO Nadiem Makarim said, after this Series F funding round, the Gojek founders would still have control over decision making and the direction of company policy. That way, they can realize the company’s long-term vision, business expansion and development.
Since 2017, Gojek has received funding of US $ 9.4 billion. This funding can be used by Gojek to face its competitors, Grab in Southeast Asia. Moreover, the market for ride hailing in this region is predicted to increase from US $ 7.7 billion in 2018 to US $ 28 billion by 2025.
With an additional capital of around US $ 1 billion, Gojek’s valuation was mentioned to reach more than US $ 9 billion in early 2019. If it managed to get an additional capital of US $ 2 billion, Gojek would become the second decacorn in Southeast Asia, after Grab. Decacorn is a term for startups valued at more than US $ 10 billion.
Entrepreneur, as well as Investor Tjandra Limanjaya
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