JAKARTA (Reuters) – Gojek, the CEO and co-founder Nadiem Makarim said on Monday that he had resigned in order to participate in Indonesia’s cabinet, and the ride from and payments to the company said that two high-ranking officials, would jointly take over the operations of a $10 billion company.
Nadiem Makarim, founder of the Indonesian ride from and to the online payment company Gojek waves to journalists as he arrives at the Presidential Palace in Jakarta, Indonesia, 21 October, 2019. REUTERS/Willy Kurniawan
The chairman, Andre Soelistyo, and the other co-founder Kevin Aluwi, the joint Ceo’s, Gojek he said. It said in a statement it had been “planned for this possibility, and there would be no impact to the business.”
Makarim, 35, told reporters at the presidential palace in Jakarta, indonesia was a great honor to be able to take part in the government.” He said that his specific role would be announced by the President, Either Widodo later on in the week.
Makarim said he and Widodo had discussed “ways to develop Indonesia in the future, such as in human resources, red tape, reforms, and investments.”
In indonesia’s media and have linked to it, Makarim, in the face of Gojek, for a possible cabinet post in the new digital economy, in a prosecutor’s office or in the field of education.
The move comes as the Gojek ramps up expansion efforts in the region. Gojek group’s president, Soelistyo has been at the company since 2016 onwards, and earlier under the management of Singapore private equity firm Northstar Group of companies and is a co-founder of Aluwi, currently runs the company’s data science and analytics team.
That may have been developed out of a ride-hailing service, was established in 2010 to provide a one-stop app that allows users to make online payments, and order food and services, such as massages, Gojek is now focusing on a larger area of the South east Asian market, the Singapore-based rival Pack is currently dominating in ride-sharing.
The Indonesian company, which has a value of $10 billion, beyond the $1 billion earlier this year from backers, including the Alphabet of Google’s (GOOGL.And China’s tech giants Tencent (0700.HK), and JD (JD).D).
Gojek is one of Indonesia’s five-unicorns – companies that have achieved more than $1 billion in the rating without tapping equity markets.
The others travel to the site Traveloka, market places, Bukalapak and Tokopedia, and Pak-backed fintech company, OVO, which is in competition with the Gojek its own payment platform to Gopay for the top spot in Indonesia is a multi-billion-dollar online payments market.
However, as the country is one of the world’s fastest and largest-growing internet economy, the technology, the companies are faced with an acute shortage of skills in which Widodo has pledged to be the bridge.
Reporting Fanny Potkin; Editing by Tom Hogue, Raju Gopalakrishnan