|Photo by: Naufal Hadyan via Flickr|
Google recently invested in an Indonesian ride-hailing company Go-Jek, a rival of Grab and Uber in the country.
Google wrote on its blog that Indonesia is home to the world’s fifth largest community of internet users and they wanted to participate and support the country’s growth. “That’s why we’ve invested in one of Indonesia’s leading startups, Go-Jek,” wrote Google’s VP of Product Management Caesar Sengupta, who leads the Next Billion Users Initiative of the company. The initiative is to target their next billion users all over the world.
Sengupta claims that Go-Jek is headed by a strong management team in Indonesia and a company that takes advantage of the technology to make the life of Indonesians more convenient. The transport company that was founded in 2011 is known to provide taxis and motorbikes on demand. It also offers local services like mobile payments and grocery deliveries.
Although Uber CEO Dara Khosrowshahi once said that Southeast Asia is unprofitable because of the challenges to compete with other local ride services, Google co-authored a report that states otherwise. It said that the internet economy of Southeast Asia is growing faster.
Go-Jek also previously reveals its plan to expand its services to other markets with the use of Go-Pay payment service.
Google has not disclosed the amount it has invested in the transport company.