• Magdalena Gołębiewska

Amazon in Talks to Invest in Indonesia’s Gojek

Source: Bloomberg By Yoolim Lee and Crystal Tse and with assistance by Manuel Baigorri


Amazon.com Inc. is in talks to make an investment in Indonesian ride-hailing giant Gojek, people familiar with the negotiations said, a move that could bolster the U.S. company’s presence in Southeast Asia.


Amazon is one of the firms that have been negotiating with Gojek to join its ongoing funding round, according to the people, who asked not to be identified as the discussions are private. Under one scenario that has been considered, Amazon may make a meaningful investment for a slice of Indonesia’s most valuable startup, said one of the people. The talks may still fall apart or the terms may change.


A Gojek representative declined to comment. Amazon couldn’t immediately be reached for comment outside of normal business hours. The Wall Street Journal earlier reported on the discussions.


The move could mark Amazon’s most significant investment in Indonesia, one of the last frontiers of e-commerce. The Seattle-based retail giant took its first step into the region in 2017 when it entered Singapore with Amazon Prime Now. But in Indonesia, by far the region’s biggest and most promising market with 260 million people, it has no presence.

By contrast, Chinese tech titans have made inroads into the region recently.


Gojek debuted its app for hailing motorbike taxis in Jakarta in 2015. Since then, the company has evolved into a “super app” -- part ride-sharing service, part food-delivery business and part digital-wallet provider. It also offers a dozen other on-demand services such as booking a cleaner and medicine delivery.

As part of the ongoing Series F funding round, Gojek -- valued at $10 billion, according to CB Insights -- has secured investments from:

The terms of those deals were not disclosed.

Those investments added to more than $1 billion Gojek secured in a previous funding round earlier this year.


Recent Posts

See All

M&A&Is in Fintech - January

New year, new deals. And I have to admit - it kicked off quite heavily! Big players, big number, big names! #Tencent, #Visa, #Google, #PayU, #Apple, #MC... - well, check below by yourself. Normally I

Contact me at m.golebiewska@icloud.com or leave your email below and let's stay in tuoch. 

  • Instagram - White Circle
  • LinkedIn - White Circle

© 2019 by FTHours.