Bengaluru: The fastest courier, transport, and shopping service in Jakarta, GO-JEK acquires Bengaluru startup Pianta for an undisclosed amount. With the acquisition, G-TEK plans a fast track development in logistics and transportation platforms to support its fast-growing Indonesia operations. The newly acquired firm will be wholly integrated into GO-JEK’s Indian division, GO-JEK Engineering India. Bengaluru based GO-JEK Engineering India focuses on product innovation, mining data and refining consumer experiences for the parent company GO-JEK. Earlier, Indonesia has acquired Bengaluru-based C42 Engineering and Delhi-based CodeIgnition in 2015. As a result of the acquisition, three co-founders will be joining the core leadership team at GO-JEK Engineering India, led by Sidu Ponnappa, whose tech firm C42 Engineering was bought in 2015 by GO-JEK, as its Managing Director.
Commenting on the acquisition, Nadiem Makarim, Founder & CEO, GO-JEK Indonesia says, “At GO-JEK, we constantly seek to continue to push the boundaries of innovation. Pianta’s role will be very important to strengthen our technology excellence to bring the best services for customers. We believe this acquisition will advance our mission to become the largest on-demand application of choice for all Indonesians”.
Founded in 2010 by Dayu Dara Permata, Michaelangelo Moran and Nadiem Makarim, GO-JEK is currently the fastest growing start-up in South Asia and the largest in Indonesia in terms of valuation, funding raised and number of transactions. Initially started with bike-taxi business, the entity has spread its branches into food delivery, one-hour courier delivery, grocery delivery and so on. Partnered with 200,000 motorcycle drivers and 5,000 trucks across Indonesia, the entity collectively covers an average distance of 4.5 million kilometers daily. Going forward, the company is intending to double its existing Indian headcount of 70 employees in the coming months and hunting for talent for key operations like data science, mobile, security and DevOps.
In August 2016, GO-JEK had raised $550 million in a private equity funding led by KKR and Warburg Pincus LLC to battle Uber and Grab.