Exclusive: Go-Jek said to have entered VC space with Go-Ventures

FILE PHOTO - A driver and passenger ride on a motorbike, part of the Go-Jek ride-hailing service, on a busy street in central Jakarta, Indonesia December 18, 2015. REUTERS/Darren Whiteside/File Photo

Indonesia’s mobile on-demand services and payment platform Go-Jek has expanded into the venture capital space by setting up its own VC arm, according to industry sources.

Go-Jek has already started recruiting key executives for the venture arm. Former NSI Ventures senior investment associate Aditya Kumar and former Northstar Group associate Jonathan Barki are said to be among those that have been appointed to lead the business.

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