TO GO WITH Indonesia-transport-traffic-Internet,FOCUS by Nick Perry This picture taken on June 11, 2015 shows a motorcycle driver with Indonesian start-up Go-Jek waiting for customers along a street in Jakarta. A popular motorbike-hailing app by Go-Jek is putting a new, two-wheeled spin on smartphone taxi services in the Indonesian capital, with thousands of motorcyclists in distinctive green jackets and helmets offering commuters an escape from Jakarta's notorious traffic gridlock. AFP PHOTO / ADEK BERRY (Photo credit should read ADEK BERRY/AFP/Getty Images)More
Gojek has paid $30 million to take a minority stake in Blue Bird, one of the largest taxi operators in Indonesia, according to Bloomberg, which first reported that the deal was in progress last month.
Gojek’s stake in Blue Bird is worth $30 million. The taxi operator's holding company disclosed in a regulatory filing earlier this month that it had sold 108 million shares of Blue Bird at 3,800 rupiahs (about 28 cents) to an undisclosed buyer. The company already offered reservations for Blue Bird taxis on its super-app, and the investment brings the two closer.
Gojek’s "super-app," called that because it offers a wide range of services, including on-demand rides and deliveries, a payment service, streaming entertainment and services like home cleaning, competes against Grab, which announced last July that it will use $2 billion of the funding it raised from SoftBank to invest in Indonesian transportation infrastructure and businesses.sonos sonos One (Gen 2) - Voice Controlled Smart Speaker with Amazon Alexa Built-in - Black read more
While Gojek and Grab compete in several markets, Gojek is currently the biggest player in Indonesia.
TechCrunch has contacted Gojek for comment.
SoftBank pumps $2B into Indonesia through Grab investment, putting it head to head with Gojek
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