Wednesday, 28 September 2016

Go-Jek acquires Pianta

Go-Jek, the Indonesian ride-hailing service backed by Sequoia Capital, KKR & Co and Warburg Pincus, has acquired Bangalore based health care marketplace Pianta, its third acquisition in India. The purchase is aimed at beefing up its engineering team in India, which is focused on product innovation and mining data to better serve Go-Jek customers in Indonesia.
Go-Jek, which introduced a mobile app in January 2015 to provide motorcycle rides on demand, raised more than $550 Million in a round of funding in August to compete with Uber Technologies Inc. and Grab, two private car hailing startups that have begun two wheeled services on its home turf.

Go-Jek has become one of the most popular ways to get around in Indonesia, especially in traffic snarled cities like Jakarta. The company has branched out to other services, including food delivery, same-day delivery, grocery shopping and household cleaning. In April, it introduced an e-wallet service called Go-Pay to enable payments across its diverse services.

Pianta, which helps customers find and make appointments with healthcare providers, was founded in 2015. Go-Jek has acquired two other Indian startups in the past to bolster its engineering ranks. Grab, Go-Jek rival in Indonesia, raised $750 Million this month from Investors including Softbank Group Corp.

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