Monday, 2024 March 4

Amazon holds talks to invest in Gojek

U.S-based tech giant Amazon is reportedly in talks to invest in Indonesian on-demand unicorn Gojek, as reported by Bloomberg.

The report said that Amazon is interested in participating in Gojek’s ongoing Series F fundraising round. This potential move could reinforce Amazon’s presence in Southeast Asia. It could also mark the company’s most notable investment in Indonesia, the region’s largest market and one of the last frontiers of e-commerce, according to people familiar with the matter.

Amazon took its first step in Southeast Asia by launching Amazon Prime Now in 2017.

Amazon’s investment in Gojek will be the latest one in the long list of e-commerce giants who invested in the region’s tech companies. Alibaba acquired Singapore-headquartered e-commerce firm Lazada in 2016, and invested in two Indonesia’s e-commerce unicorns, Tokopedia and Bukalapak. Meanwhile, Tencent has backed Sea Group, the parent company of Shopee.

As part of the ongoing Series F funding round, Gojek has received investments during this year from Visa, Thailand’s Siam Commercial Bank, Mitsubishi Motors Corp., Mitsubishi Corp., and Mitsubishi UFJ Lease & Finance Co.

Khamila Mulia
Khamila Mulia
Khamila Mulia is a seasoned tech journalist of KrASIA based in Indonesia, covering the vibrant innovation ecosystem in Southeast Asia.

Related Read