Indonesian startup GO-JEK has acquired Leftshift, a Pune-based mobile application developer that specialized in designing and engineering mobile applications for popular start-ups such as BookMyShow and Walnut.
With this acquisition GO-JEK aims to strengthen and scale up its product development, design and engineering platforms to support the unicorn’s burgeoning Indonesia operations.
This is the Indonesian unicorn’s fourth Indian start-up acquisition and the second this year: In August, it had acquired Bangalore-based Pianta, a start-up that specialized in on-demand home healthcare services.
Following the acquisition, Leftshift will completely assimilate into GO-JEK’s India arm, GO-JEK Engineering India, with its operations and 42 staff members also relocating from Pune to GO-JEK’s India headquarters in Bangalore. GO-JEK Engineering India focuses on product innovation, mining data and crafting consumer experiences for its parent company GO-JEK. With this acquisition, the India headcount of the company will swell from 60 to well over 100.
“Our partnership with Leftshift over the last one year has been an amazing experience – they are arguably among the best mobile app developers in the country. We look forward to their immensely capable team becoming a part of the GO-JEK family,” said Sidu Ponnappa, Managing Director, GO-JEK Engineering India.
Leftshift Technologies Pvt Ltd was started in 2007 by Sudhanshu Raheja and Abhinit Tiwari. Prior to the acquisition, Leftshift was engaged with GO-JEK on a regular basis to support the latter in the development of its mobile app. Apart from GO-JEK, the firm also has a track record of building apps for other well-known and fast growing Indonesian start-ups like Tokopedia and Veritrans.
Sudhanshu Raheja, Founder and CEO, Leftshift, said, “The opportunities and challenges at GO-JEK are beyond thrilling. Being fully aware of its operations, we immediately knew that our resources and technology would certainly complement and accelerate product development at GO-JEK. Moreover, the fact that our work would help millions of GO-JEK mobile app users in Indonesia is something we are very excited about as well.”
Founded in 2011 by Harvard graduate Nadiem Makarim, GO-JEK started as a bike-taxi business, and has now diversified into food delivery, one-hour courier delivery, grocery delivery and even has aggregated trucks on its platform.
In August 2016, GO-JEK had raised over $550 million in a new round of funding led by KKR and Warburg Pincus LLC, the largest ever for an Indonesian technology start-up. Following the deal, the start-up was valued at over $1.3 billion. GO-JEK competes against the likes of Uber and Grab, two private car-hailing start-ups in Indonesia’s flourishing ride-hailing industry.
The company also stated that it intends to continue shoring up its India operations as it eyes more talent for key processes like data science, mobile, security and DevOps.