DEALSTREETASIA reached out to both Go-Jek and Narasi TV for confirmation on the investment but had not received any response at the time of publishing.
Narasi TV was founded in 2017 by prominent television journalist Najwa Shihab, who rose to fame through her weekly TV talk show Mata Najwa (Najwa’s Eyes). Shihab started her digital television pursuit on YouTube, starting a digital self-titled channel which within three months earned her a YouTube Silver Play Button for reaching 100,000 subscribers.
Narasi TV presents content hosted by Shihab herself, including Mata Najwa and Catatan Najwa (Najwa’s Notes), as well as other content ranging from political talks to book reviews.
The deal with Narasi TV is understood to be Go-Ventures’ second investment in a media startup after it was earlier reported that the firm had also backed media startup Kumparan.
This portal has also learnt that Go-Jek’s investment in insurance technology startup Pasarpolis in August was also made through Go-Ventures, making Pasarpolis one of the VC arm’s earliest portfolio companies.
DEALSTREETASIA first reported in May about Go-Jek’s expansion into the VC space through Go-Ventures. Since then, Go-Jek Founder and CEO Nadiem Makarim has confirmed the report. It is understood that Go-Ventures looks to invest in startups that will support the unicorn’s growth.
According to sources, Go-Jek has brought in highly experienced personnel to lead its venture capital arm, including former Openspace Ventures executive Aditya Kumar and Northstar Group executive director Aditya Kamath, who on Saturday reportedly represented Go-Ventures at a tech event in Jakarta.
Go-Jek will not only be competing with established VCs in Indonesia but also its archrival Grab, which recently announced a $250-million corpus to be invested in Indonesian startups through its venture capital arm Grab Ventures.
Meanwhile, Go-Jek is currently in talks to raise at least $2 billion to accelerate its overseas expansion, according to a recent report by Bloomberg.