Go-Jek, the Indonesian transportation and services company, has acquired Leftshift, a Pune-based mobile app development company which has previously developed apps for startups like BookMyShow and Walnut. Go-Jek mentions that this acquisition will help it upscale product development to support its Indonesian operations.
Post acquisition, Leftshift will be completely integrated into Go-Jek’s India arm, with its 42 staff members relocating from Pune to Go-Jek’s headquarters in Bangalore. The company’s India operations focus on mining data, consumer experience and product innovations. With this acquisition, Go-Jek’s India team will be total over 100.
Prior to this acquisition, Leftshift provided Go-Jek with support for the development of its mobile app. It has previously also built apps for Indonesian startups like Tokopedia and Veritrans, and overall claims to have built over 200 apps for startups and companies like Craftsvilla, NH7, CitrusPay, PepperTap, Airtel and Emerson.
This is Go-Jek’s second acquisition in India in as many months. It acquired Pianta, a health care services startup from Bangalore for an undisclosed amount, just last month. It had previously also acquired two other Indian companies C42 Engineering and CodeIgnition last year.
Go-Jek funding: Last 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, and others. 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). Go-Jek competes with Grab and Uber in Indonesia.