Indonesia’s bike taxi Go-Jek acquires healthcare services startup Pianta, its third deal in India

Indonesia-based bike taxi service Go-Jek has acquired Pianta, a Bangalore-based home healthcare services marketplace for an undisclosed amount, the company said on Tuesday.

The acquisition will help fast track the development of GO-JEK’s logistics and transportation platforms to support its fast-growing Indonesia operations.

GO-JEK is moving to launch an on-demand healthcare product which might have on demand delivery and logistics’ issues.

“Post the acquisition, Pianta’s eight member team will merge with GO-JEK’s engineering centre in Bangalore. The total strength of the engineering team will be sixty people who will assist with the Asian operations of GO-JEK,” Swaminathan Seetharaman, CEO & Co-founder, Pianta said.

This is not the first time that Go-Jek has acquired an Indian company. Earlier in February, the company had bought two Indian startups–— Bangalore-based software engineering company C42 Engineering and Delhi-based CodeIgnition, with the aim of setting up a development centre in the country.

Founded in 2015 by ex-Ola executives Swaminathan Seetharaman and Ganesh Subramanian; and ex-Flipkart employee Nitin Agarwal, Pianta is run by SLX Logistics Pvt. Ltd and is backed by Freecharge founders Kunal Shah and Sandeep Tandon. It helps discover and book appointments with healthcare providers who provide home visits for physiotherapy, nursing and lab sample collection.

Sequoia Capital India and DST Global-backed Go-Jek has over two lakh motorbike taxis, known as “ojeks” in its fleet. 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. It has partnered with 2,00,000 motorcycle drivers and 5,000 trucks across Indonesia.

Last month, the company raised $550 million from the likes of KKR, Warburg Pincus, Farallon Capital and Capital Group Private Markets, after which it became the unicorn company of Indonesia.

“India has a great pool of technology and product development minds. The Bangalore office plays a strategic role in accessing talent for us across all spheres of product delivery, development, architecture and user experience, quality control,” said Ponnappa.

Also Read:

Indonesia’s Go-Jek raises over $550m from KKR, Warburg to battle Uber and Grab
Indonesia’s bike taxi Go-Jek acquires two tech Indian startups, to set up R&D centre

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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.