Indonesia’s GOJEK acquires AirCTO to expand engineering base in India

Gojek driver helmets are seen during Go-Food festival in Jakarta, Indonesia, October 27, 2018. REUTERS/Beawiharta

Indonesia-based ride-hailing startup Go-Jek on Wednesday announced its acquisition of Bengaluru-based AirCTO, an Artificial Intelligence- based recruitment platform, for an undisclosed amount.

Go-Jek will use the acquisition to open its second engineering and product development center in Gurgaon, according to the company’s statement.

As part of the deal, the AirCTO team will join Go-Jek with immediate effect and will look at building products that accelerate recruitments for Go-Jek. The company has also announced the opening of a new office in Gurgaon, for which Go-Jek plans to hire 100 employees aiming to reach a headcount of 500 in India by the year-end.

Other expansion plans include more acquisitions in India, with Go-Jek actively exploring the start-up space, particularly entities with expertise in engineering, design and product management.

Go-Jekcurrently runs one of the largest JRuby, Clojure, Java and Go clusters in Asia. Its robust tech-infrastructure is built and managed by over 350 engineers, who manage operations across Indonesia, Singapore, Thailand and Vietnam.

The Indonesian company offers on-demand ordering of food, last-mile commuting, digital payments, shopping, hyper-local delivery, grocery delivery, and two dozen services on its super app. The app was first launched in January 2015 for consumers in Indonesia.Go-Jek now operates in 204 cities and regions in five Southeast Asian countries.

Go-Jek’s largest India-based product team and the company’s food delivery service, GO-FOOD, will setup product divisions in the Gurgaon office. It claims to be the largest food delivery app in Southeast Asia with over 400,000 merchants registered on the platform. Around 85% of these are small micro-entrepreneurs that rely heavily on GO-FOOD for revenue.

According to Go-Jek’s India managing director Sidu Ponnappa, the company recorded an annualized gross transaction value (GTV) of US$9 billion in 2018, primarily from transactions in Southeast Asia.

“With operations underway in Singapore, Thailand and Vietnam, we will now consider whether further acquisitions are needed as we seek to bring in entrepreneurial teams who can help us further develop the multi-service business model that makes Go-Jek a leader in Southeast Asia,” said Ponnappa in a statement.

“Over the past three years, we’ve helped a range of startups and corporates source qualified candidates for critical technology roles. We were in talks with a number of other tech giants, but we found Go-Jek to be the best fit, as we share similar DNA – something that’s really important for us. We intend to use our prowess in recruitment to contribute to the hyper-growth Go-Jek is currently experiencing across Southeast Asia,” said Atif Haider, founder, AirCTO.

This article was first published on livemint.com

Singapore Reporter/s

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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. 
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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.