In brief: Go-Jek is Southeast Asia’s second ‘decacorn’ with estimated $10b valuation

• Indonesian ride-hailing service Go-Jek’s value is now estimated at US$10 billion by US market intelligence firm CB Insights, putting it in the ranks of startups called “decacorns.”
• That would make Go-Jek Indonesia’s first startup to join the US$10 billion club, and the second in Southeast Asia after rival Grab.
• Go-Jek’s valuation reflects the confidence investors have that the company will continue to grow as it expands across the region, said Go-Jek chief of corporate affairs Nila Marita, without confirming details of the company’s value.

Source: Bloomberg