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Go-Jek Invests In Kumparan, An Online Hybrid News And Social Media Platform
8 Sep, 2018 / 01:51 pm / Reeny Joseph

Source: http://www.omnesmedia.com

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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 support includes Alphabe Inc’s Google and China’s Tencent Holdings, has grown in a rapid way after it launched its services some eight years back in Indonesia. Indonesia is a country which is technologically advanced and has 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 funding.

Kumparan is a hybrid news and social media platform that enables users to create content. Go-Jek’s corporate affairs chief Nila Marita said that “There will be a series of strategic collaborations that we are exploring with Kumparan in supporting Indonesia’s technological developments,”

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 content creators.”