A motorbike-fueled delivery service drives a boom.
Like an Uber for motorbikes, Indonesian start-up Go-Jek zoomed onto the scene in 2010. The on-demand delivery service—offering rides, food, beauticians and more—has jolted the economies of even famously gridlocked cities like Jakarta, where small businesses have seen their sales soar once they’ve registered on the company’s platform. The company’s 300,000-plus drivers are doing well—they all get health benefits, insurance, safety training and access to microfinance loans. And the company itself is thriving in August 2016, it raised over $550 million in a new round of funding led by KKR and Warburg Pincus.
Correction: An earlier version of this story incorrectly reported that Go-Jek had landed a $1.2 billion funding round from Tencent.
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