Indonesia’s Go-Jek close to profits in all segments, except transport: CEO


Nadiem Makarim, founder of the Indonesian ride-hailing and online payment firm Go-Jek poses for a photograph following an interview with Reuters at the Go-Jek offices in Jakarta, Indonesia, August 15, 2018. REUTERS/Darren Whiteside

JAKARTA: Go-Jek, Indonesia's first billion-dollar startup, is “extremely close” to achieving profitability in all its segments, except transportation, its founder and CEO Nadiem Makarim told Reuters.

Launched in 2011 in Jakarta, Go-Jek – a play on the local word for motorbike taxis – has evolved from a ride-hailing service to a one-stop app allowing clients in South-East Asia's largest economy to make online payments and order everything from food, groceries to massages.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Go-Jek; Indonesia

   

Next In Tech News

Artificial intelligence offers an opportunity to improve EV batteries
Apple still leads high-end smartphone sales in China, but Huawei and Honor are catching up
Brave China ‘cancer warrior’ dies two days after 25th birthday, final wish to find brother a girlfriend left unfulfilled, leaves netizens devastated
Meta shares plunge 16% in Frankfurt after AI spending, revenue forecast
What next for TikTok in the US?
Atos says it will need more cash than expected
TikTok to fight US ban law in courts
STMicro cuts FY revenue outlook as slowing car market bites
Tesla driver in Seattle-area crash that killed motorcyclist told police he was using Autopilot
Spurred by teen girls, US states move to ban deepfake nudes

Others Also Read