Indonesia's Go-Jek invests in online media startup as part of expansion
By Fanny Potkin
JAKARTA, Sept 8 (Reuters) - Indonesian ride-hailing and
online payment company Go-Jek has invested in digital media
startup Kumparan as part of its expansion into online content,
Go-Jek, whose backers include Alphabe Inc's Google and
China's Tencent Holdings, has grown rapidly since launching
eight years ago in Indonesia, a country with a population of
more than 250 million people.
The company already offers a wide range of app-based
services outside ride-hailing, such as food delivery and movie
tickets, as it competes with the other main ride-hailing app
operating in Indonesia, Singapore-based Grab, which bought the
Southeast Asian business of Uber Technologies this year.
Go-Jek said the investment in Jakarta-based media startup
Kumparan had been done through its recently launched venture
capital arm Go-Ventures, but did not disclose the size of its
Kumparan is a hybrid news and social media platform that
enables users to create content.
"There will be a series of strategic collaborations that we
are exploring with Kumparan in supporting Indonesia’s
technological developments," said Go-Jek's corporate affairs
chief Nila Marita.
Go-Jek is betting heavily on becoming an online multimedia
content provider for Indonesia and set up its own in-house
studio in 2018 to produce original films, in partnership with
local film production houses.
The company plans to eventually launch a subscription-based
original content service.
"At present, we are still in the exploration phase of the
concept related to the creation of creative content," a
spokesperson for Go-Jek told Reuters.
"As a local company, Go-Jek will continue to support local
(Reporting by Fanny Potkin
Editing by Robert Birsel)
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