Allianz invests $35mn into Indonesia's Go-Jek

Allianz Group’s digital investment arm, Allianz X, is investing $35mn in Indonesian startup Go-Jek.
Allianz has become the sole insurance shareholder of Go-Jek. The multinational insurance company hopes to expand its footprint in emerging markets and in the area of digital business.
Go-Jek’s existing partnership with Allianz Indonesia has been strengthened as a result of the investment.
See also:
Alphabet’s Google confirms investment in Indonesia’s’ Uber rival, Go-Jek
Go-Jek plans expansion across Southeast Asia
Business Chief, Asia edition – April issue out now!
Go-Jek, Indonesia’s leading ride-hailing company, also offers other digital services such as e-payment services. It also has transport and logistics offerings.
This will be Allianz’s first investment in a Southeast Asian company. The investment was announced in a statement on the company website.
Nazim Cetin, CEO of Allianz X stated: “Allianz X’s strategic investment in Go-Jek underscores Allianz Group’s Renewal Agenda and out commitment to digital growth businesses, particularly in emerging markets. Go-Jek has demonstrated a track record of success within the transportation, logistics and payment sectors and we look forward to supporting their continued growth.”
Joos Louwerier, President Director of Allianz Life Indonesia also added: “Go-Jek is an absolute digital unicorn in Indonesia and through this investment, Allianz and Go-Jek will strengthen their ties and collaboration further. Together we can offer unique financial products and services to the wider Go-Jek community.”
- Meet the company: DHL Indonesia prime for significant growthLeadership & Strategy
- Ericsson, Cisco, Diageo, DHL best workplaces in IndonesiaHuman Capital
- Meet the company: ecommerce pioneer Lazada marks 10 yearsTechnology
- Microsoft to establish first datacenter region in IndonesiaDigital Strategy