Blibli is backed by GDP Venture; both companies in total invest around IDR3 trillion (US$250 million)

Google and several Chinese investors are not the only investors taking part in Go-Jek’s current funding round, which the startup expected to raise around US$1.5 billion (around IDR20 trillion). Two local companies, e-commerce player Blibli and automotive giant PT Astra International are reportedly participating by investing IDR3-3.5 trillion (around US$250-290 million) in total for this leading on-demand startup. Blibli, backed by GDP Venture, last year had already acquired two OTA startups, Tiket.com and Indonesia Flight. Go-Jek is currently valuated at around US$4 billion (IDR54 trillion).

According to Katadata, Astra International is reportedly investing US$150-170 million, while Blibli is participating with US$100-120 million. The agreement is said to be signed recently. Neither Astra International, Blibli, nor Go-Jek is giving its comment for this matter.

Previously Google has confirmed its participation in Go-Jek’s funding round. Google stated that it’s investing in Go-Jek because of strong management and leadership. It’s part of first step on winning internet economy that’s significantly rolling in Indonesia and Southeast Asia.

Also Read: [Updated] Following Tiket.com acquisition, Blibli acquires online travel agent Indonesia Flight

Beside Go-Jek, also involved in this funding round are several other prominent investors, including Tencent, JD.com, Temasek, and Meituan-Dianping. In 2017, Go-Jek had acquired three fintech startups and one event management startup to strengthen its position in industry, including to support Go-Pay payment service.

Go-Jek is tightly competing with Grab and Uber in Indonesia and planning to expand to other country in the region by this year.

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The article Blibli and Astra International Reportedly Involved in Go-Jek’s Latest Funding Round first appeared in DailySocial.

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