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AIA Indonesia joins Gojek’s series F round
18 Sep 2019
AIA Indonesia joins Gojek’s series F round

Indonesian tech titan Gojek received an undisclosed amount of investment from local life insurance company AIA Indonesia as part of its ongoing series F round.

Under a strategic partnership, AIA Indonesia will be part of Gojek’s financial services strategy by providing life and health insurance services and wellness offerings to the ride-hailing unicorn’s users, drivers, and merchants.

The two companies also aim to raise awareness for life and health insurance solutions in the country, according to a statement. In addition, they will develop a wellness proposition that will seek to encourage Indonesians to lead healthier lives.

AIA Group and its subsidiaries comprise one of the largest publicly listed life insurance groups in Asia Pacific. It currently operates in 18 markets, including Hong Kong, Thailand, Singapore, Malaysia, China, Korea, and the Philippines. Earlier this year, it was granted approval to operate in Myanmar through a 100% wholly owned subsidiary.

“At Gojek, we measure success by the impact we are able to have on society,” said Gojek co-founder Kevin Aluwi. “Series F has seen some of the world’s most impact-driven businesses join the Gojek movement, and the addition of AIA Indonesia will allow us to bring about even more positive change.”

With the deal, AIA Indonesia joins firms such as Google, Tencent, JD.comAstaMitsubishi, and Visa as Gojek’s backers in its ongoing funding round.

Gojek president Andre Soelistyo recently said that the company is on track to raise between US$2 billion and US$2.5 billion in the round.

Source: Reuters 

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