April 30, 2020 / 9:36 AM / a month ago

Indonesia's Gojek buys payments startup Moka

(Reuters) - Indonesian ride-hailing and payments firm Gojek has acquired a mobile point-of-sale startup Moka, the companies said on Thursday.

Indonesia-based Moka will continue to operate as an independent entity, while integrating with Gojek’s multiple services, including food delivery and online payments, according to a joint statement by both the companies. But it did not provide any financial details of the deal.

Both companies did not also immediately respond to a request for a comment on the same.

Last week, Bloomberg reported that Gojek acquired Moka for about $130 million.

Reuters reported in March that Gojek had closed an additional $1.2 billion of funding, with it’s total funding standing at just under $3 billion.

Reporting by Juby Babu in Bengaluru; Editing by Rashmi Aich

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below