Go-Jek, with US$10B valuation, is in 19th position on the CB Insights list, just below its bigger rival Grab, which is valued US$11B

Ride-hailing firm Go-Jek is now a decacorn, a company with over US$10 billion valuation, according to a CB Insights listing.

It is the first Indonesian company to achieve this feat.

Go-Jek is in 19th position on the list, just below its bigger rival Grab, which is valued over US$11 billion.
Their global competitor Uber is on the top, with a valuation of over US$72 billion.

Tokopedia and Traveloka, two other tech companies from the archipelago with valuations of US$7 billion and US$2 billion, respectively, have also got a mention on the report, which has listed all the 335 unicorn companies across the globe.

Filipino company Revolution Precrafted, which offers a collection of limited edition, pre-crafted properties, including homes and pavilions, has also found place on the list.

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Go-Jek is a all-in-one convenience service, with different business units including Go-Ride, Go-Send, Go-Food, and Go-Mart. It has also recently expanded with Go-Box, Go-Glam, Go-Clean and Go-Massage.

The company is backed by a number of investors, including Google Capital, Tencent Holdings, KKR and Sequoia Capital. Go-Jek is reportedly continuing its fundraising push, setting its goal at raising US$2 billion. As per a TechCrunch report, its existing investors, including Google, Tencent, and JD.com, have agreed to invest around US$920 million into the latest round.

 

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