The Jakarta Post
Gojek has announced that it has acquired Indonesian payments start-up Moka to boost the digital operations of micro, small and medium enterprises (MSMEs), especially during the pandemic.
Gojek co-CEO Andre Soelistyo said online businesses had better resilience than their offline counterparts during the COVID-19 pandemic as offline stores were highly dependent on the physical arrival of consumers.
“We want to help more offline businesses go online through this collaboration with Moka,” he said in a written statement. “We want to help MSMEs to grow and be better equipped to face competition in the digital era.”
The deal, which had reportedly been in discussions since last year, was worth US$130 million, sources familiar with the issue told Bloomberg.com. Gojek chief of corporate affairs Nila Marita declined to comment on the value of acquisition when contacted by The Jakarta Post.
Moka co-founder and CEO Haryanto Tanjo said that, through the acquisition, the two companies could combine their services by using Moka’s point-of-sales system to accept food delivery orders from GoFood.
“Being a part of Gojek’s ecosystem will give us access to its user networks and hopefully help our users to become successful in both online and offline business – an important survival and recovery aspect in times of pandemic,” he said.
Moka will continue operating as part of Gojek’s ecosystem but will retain its independent entity. The start-up was established in 2014 and has 40,000 users in 200 cities across Indonesia. Its application offers programs ranging from bookkeeping and inventory to sales analysis. (eyc)