Go-Jek Joins ‘Decacorn’ Ranks With $10 Billion Valuation
- Ride-hailing service becomes nation’s first decacorn: report
- IPO is ‘long-term aim’ but not in immediate future: Go-Jek
Photographer: Dimas Ardian/Bloomberg
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Indonesian ride-hailing service Go-Jek’s value was estimated at $10 billion by a U.S. market intelligence company, putting it in the ranks of startups called decacorns.
New York-based CB Insights has listed Go-Jek among 19 decacorns around the world, along with the likes of Uber Technologies Inc., according to the Jakarta Post newspaper. That would make Go-Jek Indonesia’s first startup to join the $10 billion market-valuation club, and the second in Southeast Asia after rival ride-hailing service Grab.