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Indonesian bike taxi company Go-Jek acquires Pianta

bike taxis

Go-Jek, the Indonesian transportation and services company, has acquired Pianta, a health care services startup from Bangalore for an undisclosed amount. Go-Jek had previously acquired two other Indian companies C42 Engineering and CodeIgnition last year. Go-Jek’s press statement said that it is looking to hire for data science, mobile, security and DevOps in Bangalore and Singapore.

The company says that the Pianta acquisition will help Go-Jek logistics and transport platforms for Indonesia. Pianta will be integrated into Go-Jek Engineering India, the India arm which works on product innovation and data mining. Go-Jek India currently has 35 employees which it plans to expand to 70 in the coming months. It is led by Sidu Ponnappa, who founded C42 Engineering, as managing director.

Just 3 months ago, Pianta had raised an undisclosed amount of seed funding from Freecharge founders Kunal Shah and Sandeep Tandon. Pianta said it would use the funds to scale up the supply side, expand to other cities and make key hirings. At the time, it claimed to have over 250 home service providers listed on its platform.

Pianta is a marketplace and discovery platform for healthcare providers for home visits, physiotherapy, sample collection etc. It was founded by Swaminathan Seetharaman, Ganesh Subramanian and Nitin Agarwal last year.

Go-Jek funding: Earlier this month, Go-Jek raised $550 million in funding from new investors KKR, Warburg Pincus, Farallon Capital and Capital Group Private Markets with existing investors Sequoia India, Northstar Group, DST Global, NSI Ventures, Rakuten Ventures and Formation Group. It said it would use the funds for scaling operations, grow its services (payment system, food delivery, courier and cleaning services, taxi etc.) and expand across Southeast Asia (SEA). It claims to have 200,000 bike drivers, 5,000 trucks 35,000 food delivery partners, 3,000 service providers and 20 million app downloads so far.

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Go-Jek competes with Grab and Uber in Indonesia:

Grab recently raised $750 million in equity financing led by SoftBank with participation from new and existing investors to expand in the SEA region. SoftBank has also funded online cab aggregator Ola in India. Last December, Ola from India, Didi from China, Lyft from the US and GrabTaxi from Singapore joined hands in a strategic alliance and rolled out Lyft integration in China and SEA markets.

In February this year, Uber launched UberMOTO, a pilot service which allowed users to book a ride on a motorcycle through its app in Bangkok in Sathorn, Siam, and Silom areas. More recently, last month, Uber merged its Uber China business with Chinese competitor Didi Chuxing (formerly known as Didi Kuaidi). Didi Chuxing would reportedly invest $1 billion in Uber China, making Uber’s valuation at $68 billion.

Image Credit: Khaosaming under CC BY SA 3.0

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