Fundraising Fox

Go Jek

also invests Β· investor profileUnicorn exit Β· $9.5BAcquired

Jakarta, ID Β· 6 known investors

Gojek offers on-demand services in Indonesia, including ride-hailing and delivery, digital payments (top-ups, bill payment, QRIS, transfers), and food and grocery delivery. It also provides tools for businesses to manage daily operations and promotions.

Also known as GO-JEK Β· gojek Β· PT Gojek Indonesia

Founders & leadership

KAKevin Aluwi
Kevin AluwiinFounderFounder at Gojek
NMNadiem Makarim
Nadiem MakariminFounderFounder at Gojek

Investors Β· 6

Valuation Β· disclosed

Disclosed events
$9.5Bvaluation at Funding roundJan 2019
filing β†—

Source: SEC prospectus filings, and round valuations the company or its investors disclosed β€” follow each entry's link for the claim.

Company profile

researched Aug 2026

PT Gojek Indonesia is an Indonesian on-demand multi-service platform and digital payment technology group headquartered in Jakarta. It began in 2009-2010 as a call centre connecting consumers with courier delivery and two-wheeled motorcycle-taxi (ojek) rides, operating with about 20 motorbike drivers. The company launched its mobile application in January 2015 with four services β€” GoRide, GoSend, GoShop and GoFood β€” and subsequently expanded into a super app offering more than 20 on-demand services spanning transport and logistics, food and groceries, business solutions and digital payments.

Gojek merged with e-commerce company Tokopedia on 17 May 2021, forming the holding company GoTo (PT GoTo Gojek Tokopedia Tbk), in what was described as the largest merger in Indonesia at the time. Gojek continues to operate as a GoTo subsidiary alongside GoTo Financial and a 25% stake in Tokopedia. The company's own site describes operations in Indonesia and Singapore, roughly 3 million driver-partners and 6.4 million merchants within the GoTo ecosystem; Wikipedia lists an area served of Indonesia, Thailand, Singapore, the Philippines, India and Australia.

Founding story

Gojek was co-founded by Nadiem Makarim, Kevin Aluwi and Michaelangelo Moran. Makarim, who holds degrees from Brown University and Harvard Business School and spent three years at McKinsey & Co., was a frequent ojek user and observed that motorcycle-taxi drivers spent most of their time waiting for customers while customers searched for available rides. He started Gojek from a small call centre with 20 ojek drivers, who later became recruiters, to connect drivers and riders efficiently and raise driver incomes. Co-founder Michaelangelo Moran, a high-school friend of Makarim, served as Brand Director and designed the company's first logo and branding. The name derives from "ojek", the motorbike taxis common throughout Indonesia.

Business model

Gojek runs a multi-sided platform that matches consumers with driver-partners and merchants, providing ride-hailing, courier and logistics, food and grocery delivery, digital payments and business tools for merchants. Merchant-facing products include GoStore, launched in 2020 to help micro, small and medium-sized enterprises set up online stores.

Traction

As of June 2020 Gojek reported about 170 million users across Southeast Asia. Its app reached nearly 30 million downloads within two years of the 2015 launch, and daily orders grew from roughly 3,000 pre-app to 10,000 after launch and up to 300,000 by 2017. Gojek's site reports 3 million driver-partners and 6.4 million merchants within the GoTo ecosystem. At the time of the 2021 merger, the combined GoTo entity had 100 million monthly active users, more than 11 million merchants and over 2 million drivers.

Latest developments

GoTo listed on the Indonesia Stock Exchange on 11 April 2022, raising about $1.1 billion at 338 IDR per share. In December 2023, ByteDance acquired 75% of Tokopedia, leaving GoTo with 25%. In 2024 Gojek received recognition including Consumers' Choice Food Delivery Company at the Bisnis Indonesia Logistics Awards and awards from the Jakarta Transportation Council, and reported that its GoGreener feature enabled the planting of more than 200,000 trees in 2024, absorbing 14,938.48 tCO2e.

β–ΈFull profile β€” market position, go-to-market, geography, history, risks & controversies

Market position

Described as Indonesia's first unicorn and first decacorn, and as one of three super-app giants in Southeast Asia alongside Grab and Shopee. A survey cited by Wikipedia found Gojek the most popular ride-hailing app in Indonesia. Gojek was the only Southeast Asian company on Fortune's "50 Companies That Changed the World" list in 2017 (ranked 17th) and 2019 (ranked 11th), with GoTo receiving the same recognition in 2022. Parent GoTo is described as the most valuable startup in Indonesia, contributing about 2% of national GDP.

Go-to-market

Consumers seeking transport, delivery and payment services; motorcycle and vehicle driver-partners; and merchants, including micro, small and medium-sized enterprises, within the GoTo ecosystem.

Geography

Headquartered in Jakarta, Indonesia. Gojek's own site cites operations in Indonesia and Singapore. Wikipedia states it operates in four countries β€” Indonesia, Singapore, Thailand and the Philippines (the latter through the acquisition of Coins.ph) β€” and lists an area served that also includes India and Australia.

History

Founded in 2010 (established in Indonesia in 2009 as a call centre) with 20 motorbike drivers, Gojek launched its app in January 2015, which grew orders from about 3,000 to 10,000 per day and drove nearly 30 million downloads within two years. By 2017 it had become Indonesia's first unicorn, with up to 300,000 orders per day, and later the country's first decacorn. It acquired Indian engineering startups C42 Engineering and CodeIgnition in 2016 and recruited 100 engineering graduates from India in 2017. In May 2018 it announced a $500 million international expansion investment. Founder Nadiem Makarim left in 2019 to become Indonesia's Minister of Education, Culture, Research and Technology. On 17 May 2021 Gojek and Tokopedia completed their merger into GoTo, which listed on the Indonesia Stock Exchange in April 2022; in December 2023 ByteDance acquired 75% of Tokopedia, leaving GoTo with 25%.

Risks & controversies

Indonesian regulatory action affected the wider group: in September 2023 the Ministry of Trade issued Regulation No. 31 of 2023 barring social-media permits from being used to operate e-commerce, prompting TikTok to suspend TikTok Shop operations in Indonesia and subsequently leading to ByteDance's acquisition of 75% of Tokopedia. As of October 2023, founder Nadiem Makarim was no longer listed as a shareholder in any GoTo subsidiary, prompting speculation he had sold his stake.

Compiled by commissioned research from 3 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
App downloadsJan 201730,000,000 downloads
Carbon absorbed via GoGreener tree plantingJan 202414,938.5 tCO2e
Daily ordersJan 2017300,000 orders per day
Driver-partnersJan 20253,000,000 driver-partners
EmployeesJan 20193,000 employees
Merchants within the GoTo ecosystemJan 20256,400,000 merchants
Trees planted via GoGreenerJan 2024200,000 trees
Users in Southeast AsiaJun 2020170,000,000 users
ValuationJan 2019$9.5B

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Timeline Β· 16

launches, deals, and filings
Jan 2024
Consumers' Choice Food Delivery Company, Bisnis Indonesia Logistics Awards 2024

source β†—

Jan 2024
Jakarta Transportation Council Awards 2024

Named 'Public's Favorite Online Transportation App' and 'Best Online Transportation App That Supports Public Transport Integration'.

source β†—

Dec 2023
ByteDance acquires 75% of Tokopedia

ByteDance, TikTok's parent, acquired 75% of Tokopedia, leaving GoTo with a 25% stake.

source β†—

Sep 2023
Indonesian Ministry of Trade Regulation No. 31 of 2023

The regulation affirmed that a social media permit cannot be used to operate e-commerce, leading TikTok to suspend TikTok Shop operations in Indonesia from October 2023.

source β†—

Apr 2022
Parent GoTo lists on Indonesia Stock Exchange

GoTo listed on the IDX with a $1.1 billion IPO priced at 338 IDR per share, closing the first day more than 15% higher at 388 IDR.

$1.1B source β†—

May 2021
Merger with Tokopedia forming GoTo

Gojek and Tokopedia completed their merger, establishing holding company PT GoTo Gojek Tokopedia Tbk; the combined entity had 100 million monthly active users, more than 11 million merchants and over 2 million drivers.

source β†—

Jun 2020
WhatsApp (Facebook) and PayPal invest in Gojek

Facebook's WhatsApp and PayPal announced investments as part of Gojek's ongoing fundraising round; size and nature were undisclosed but described as 'meaningful'.

source β†—

Jan 2020
Launch of GoStore for MSMEs

GoStore was launched to help micro, small and medium-sized enterprises set up online stores.

source β†—

Jan 2019
Fortune 'Change the World' list, ranked 11th

Gojek was ranked 11th and was the only Southeast Asian company on the list.

source β†—

Jan 2019
Founder Nadiem Makarim leaves Gojek

Nadiem Makarim left the company to become Indonesia's Minister of Education, Culture, Research and Technology.

source β†—

May 2018
$500 million international expansion investment announced

$500M source β†—

Jan 2017
Fortune 'Change the World' list, ranked 17th

Gojek was included in Fortune's list of companies that changed the world, ranked 17th.

source β†—

Jan 2016
Acquisition of Indian engineering startups

Gojek announced the acquisition of two India-based engineering startups, C42 Engineering and CodeIgnition.

source β†—

Jan 2015
Additional investment from Sequoia India and Northstar private equity fund

Following rapid growth in early 2015, Gojek attracted additional investments from Sequoia India and Northstar's private equity fund.

source β†—

Jan 2015
Gojek app launched with four services

Gojek launched its application with GoRide, GoSend, GoShop and GoFood; orders rose from about 3,000 to 10,000 per day.

source β†—

Jan 2014
First financing round from NSI Ventures (now Openspace Ventures)

Gojek secured its first financing round in late 2014 from NSI Ventures, the venture capital fund in the Northstar Group.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

β–ΈResearch sources Β· 3

primary sources listed

3 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Go Jek do?
Indonesian on-demand multi-service super app for ride-hailing, delivery and payments, now a subsidiary of GoTo.
Who founded Go Jek?
Go Jek was founded by Kevin Aluwi, Nadiem Makarim.
Who are Go Jek's investors?
Go Jek's investors include Allianz X, Gestio Capital, K3 Ventures, Openspace Ventures, Warburg Pincus, Alphabet.
Where is Go Jek headquartered?
Go Jek is headquartered in Jakarta, ID.