In 2010, Gojek was launched as a motorcycle ride-hailing call center. The Gojek app has since evolved from offering just ride-hailing to a suite of more than 20 services.
Gojek and Blue Bird already have a collaboration to compete against joint rival Grab. For example, the Gojek app can be used to reserve taxis for Blue Bird. Gojek — hailed as the most valuable startup in Indonesia at $10 billion — started moving into food delivery and digital payments.
“The stake acquisition should bring further synergies,” said Jessica Pratiwi, analyst at RHB Sekuritas Indonesia, in December. Bookings via Gojek currently “account for about 20 percent of Blue Bird’s regular taxi orders.”
Blue Bird shares were down 2.9 percent.
Gojek said in October that it was preparing for a dual listing, and looking for a larger share of the regional market. At the time, it was noted that the company’s two new chief executives, Andre Soelistyo and Kevin Aluwi, wanted to continue expanding Gojek. Though there was “no set date” for a listing, Soelistyo said the company was trying to work on “building better governance” with its IPO.
Read more here