Gojek Buys Minority Stake In Blue Bird

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Gojek

Indonesian tech major Gojek has bought a minority stake in the country’s top taxi operator platform Blue Bird for $30 million. The reports come after Blue Bird filed its latest regulatory details. Notably, Gojek was already offering reservations for Blue Bird taxis on its super-app.

Through the deal, Gojek has now got around 4.3 percent of stake in the firm. Post the deal, Blue Bird is now valued at around $600 million. Launched as a motorcycle ride-hailing platform almost 10 years back, Gojek now offers a number of services through its mobile app which it terms as "super-app".

Kevin Aluwi, Michaelangelo Moran, and Nadiem Makarim had started Gojek in 2010. Since then the firm has grown leaps and bounds. Since its inception, the firm has raised over $3 billion in funding and is now the most-valued Indonesian startup. The firm counts names like SoftBank, Visa, Mitsubishi UFJ Financial Group, PT. Astra International Tbk, Google, Tencent Holdings, JD.com, Hera Capital among its well-known backers.

Apart from offering ride-hailing services, Gojek offers services like on-demand rides and deliveries, a payment service, streaming entertainment and home cleaning. Notably, Gojek has been planning for its IPO in the coming times but they are yet not sure about the exact time. The company though just wants to keep expanding which is their major goal for the time being.

It will be interesting to see how the deal pans out for Gojek and how Blue Bird gets the advantage of the partnership with one of the major Indonesian firms.

 

Image courtesy : Kompasiana

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