Go-Jek’s VC arm said to have invested in digital TV startup Narasi TV

Go-Jek CEO Nadiem Makarim. Photo: Bloomberg

Go-Ventures, the venture capital arm of Indonesian ride-hailing giant Go-Jek, has invested in local digital television startup Narasi TV, according to three industry sources.

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.

Also Read:

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Go-Jek’s VC arm Go-Ventures said to have invested in Indonesian media startup Kumparan

Go-Jek said to seek valuation of $9-10b with latest funding round

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.