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GO-JEK, Indonesia’s largest start-up has acquired Benguluru-based home healthcare services start-up Pianta for an undisclosed amount. The acquisition will help fast track the development of GO-JEK's logistics and transportation platforms to support its fast-growing Indonesia operations.
This is the third Indian acquisition by the Indonesian unicorn following its previous buys in 2015 – Benguluru-based C42 Engineering and Delhi-based CodeIgnition.
“Pianta’s role will be very important to strengthen our technology excellence to bring the best services for customers. We believe this acquisition will advance our mission to become the largest on-demand application of choice for all Indonesians,” said Nadiem Makarim, Founder and CEO of GO-JEK Indonesia.
Integration with Indian arm
As part of the acquisition, the newly-acquired firm will be wholly integrated into GO-JEK’s India arm, GO-JEK Engineering India. Based in Benguluru, GO-JEK Engineering India focuses on product innovation, mining data and crafting consumer experiences for its parent company GO-JEK.
The company is looking to double its existing India headcount of 70 employees in the coming months.
About Pianta
Run by SLX Logistics Pvt. Ltd., Pianta is a marketplace for home healthcare services that helps discover and book appointments with healthcare providers who provide home visits for physiotherapy, nursing and lab sample collection. The start-up had raised an undisclosed seed funding in May 2016 from Freecharge founders Kunal Shah and Sandeep Tandon.
Founded in 2015 by former Ola and Flipkart executives Swaminathan Seetharaman, Ganesh Subramanian and Nitin Agarwal, Pianta has over 250 home service providers listed on its platform. Seetharaman has worked with Ola as vice president of engineering while Subramanian was earlier principal architect at Ola. Agarwal was earlier a director of engineering at Ola.
Funded initially by firms such as Sequoia Capital and Yuri Milner’s DST Global, GO-JEK is currently the fastest growing start-up in South Asia and the largest in Indonesia in terms of valuation, funding raised and number of transactions.
Last month, GO-JEK had secured more than $550 million in a new round of funding led by KKR and Warburg Pincus LLC, the largest ever for an Indonesian technology start-up. The start-up competes against the likes of Uber and Grab, two private car-hailing start-ups in Indonesia’s burgeoning ride-hailing industry.
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