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April 24, 2020

Gojek takes over PoS startup Moka in $130m deal

Indonesian ride-hailing giant Gojek has snapped mobile PoS startup Moka in a deal worth around $130m, reported Bloomberg.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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by GlobalData
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Neither of the companies gave any official confirmation on the deal.

Headquartered in Jakarta, Moka offers PoS and payments services in over 35,000 restaurants, coffee shops and retail outlets.

Merchants utilising the Moka app can accept debit and credit cards or mobile wallets including WeChat Pay and GoPay.

At the same time, they can track sales, manage inventory, and run loyalty programmes using Moka.

The firm has operations across over 100 Indonesian cities.

The deal, which has been in the works since last year, comes close on the heels of Gojek’s $1.2bn fundraising.

The company raised the capital last month despite the Covid-19 pandemic.

The infusion is said to have strengthened Gojek’s position in the digital payments space in Indonesia.

The timing is crucial as digital payments gain traction in the country amid the Covid-19 crisis.

Speaking during a recent Bloomberg TV interview, GoPay CEO Aldi Haryopratomo said: “Regardless whether it’s good times or bad times, you have to build a really solid foundation of the business.

“We are very lucky to have secured the funding as a group and we are in a position to execute it.”

Meanwhile, Gojek co-CEOs and senior management vowed to donate 25% of their salaries over the next 12 months into a fund.

The fund aims to support drivers and merchants during the global health crisis.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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