Indonesia-based bike taxi service Go-Jek has acquired two Indian startups–— Bengaluru-based software engineering company C42 Engineering and Delhi-based CodeIgnition, with the aim of setting up a development centre in the country says a report in The Economic Times.
While the financial details of the deal were not disclosed, it is primarily aimed at helping Go-Jek set up a research and development centre in Bengaluru, where it plans to recruit over 100 senior engineers in the next six months.
“We lost control over our growth and then our investor Sequoia extended a helping hand by introducing us to founders of C42 and CodeIgnition, they saved us from imploding,” said Nadiem Makarim, founder of Go-Jek.
Since its launch in January 2015, the company’s mobile application downloads have grown to 11 million, making it the largest consumer-internet company in Indonesia on parameters like number of transactions, funding raised and valuation, says Makarim.
Go-Jek started off as a a bike-taxi business, and has diversified into food delivery, one-hour courier delivery, grocery delivery and even has aggregated trucks on its platform.
“We have more vehicles than Uber has in the US, and we are the largest online food delivery company outside the US and China,” said Makarim.
“We are all online and offline businesses rolled up into one, which is unlike India and China where things are fairly specialised,” said Makarim, adding that Go-Jek is a mix of Ola, Zomato, TinyOwl, Grofers and few other startups rolled into one given the cross selling opportunities.