JAKARTA (Yosefardi) – GrabTaxi Holdings Pte Ltd has bagged capital injection of US$350 million while Singapore-based investment holding Northstar Group has injected US$200 million to PT Gojek Indonesia (Go-jek).
GrabTaxi (with Grab Bike brands) and Go-Jek provide motorcycle taxi (ojek) service in town. Both serve to transport people, retaurants buying, take-aways for home delivery orders, and deliver documents.
GrabTaxi obtained capital injection from US-based investment firm Coatue Management LLC and China Investment Corporation (CIC). GrabTaxi Holding also provides GrabCar services.
GrabTaxi entered the Indonesian market in June 2014. It operates in Indonesia under PT Metro Asia Pacifik. Go-Jek meanwhile was founded in 2010 by Nadiem Makarim (the son of senior lawyer Nono Anwar Makarim).