Indonesia's transport, courier and hyperlocal shopping startup, GO-JEK, today announced the acquisition of city-based software engineering company C42 Engineering and Delhi-based DevOps company, CodeIgnition.
Backed by Sequoia Capital India and Yuri Milner's DST Global, GO-JEK is an app platform that provides extensive services such as transport, courier, hyperlocal shopping, payments and lifestyle across Indonesia.
Through this acquisition, the company is establishing GO-JEK India, its R&D centre here, with the primary objective of gaining access to India's top product development talent, GO-JEK said.
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It is the fastest growing startup in the world outside of China and has seen its monthly transaction volumes scale by over 900x since it was launched just over a year ago, the statement said.
"This is one of the most exciting acquisitions for GO-JEK as it catapults our technology capabilities to new heights...," Nadiem Makarim, Founder and CEO of GO-JEK, said.
C42 Engineering and CodeIgnition have worked with GO-JEK for several months leading up to the acquisition, it said.
GO-JEK India plans to grow to a 100 person product engineering team over the next year.