Andre Soelistyo, President of Aplikasi Karya Anak Bangsa (Go-Jek), said Go-Jek has already discussed a possible listing on the Indonesia Stock Exchange (IDX) with IDX executives. However, Go-Jek still needs plenty of time to prepare for such a corporate move as it is a relatively new company and therefore needs to adapt its corporate and financial management, including financial reporting compliance. Moreover, the IDX has a regulatory requirement for listed companies to become profitable within two years of listing.

Soelistyo added that Go-Jek's business model has to be fully mature in order to attract investors once it decides to become a public company in Indonesia.

Due to its promising perspectives, Go-Jek has been able to attract capital injections from various big institutional investors, including Google, Astra International, Tencent Holdings, and Temasek Holdings (see table below). Asia's ride-hailing and mobile payments market clearly caught the attention of global investors.

Go-Jek is now valued at USD $5 billion. The company plans to expand beyond the Indonesian borders by entering the Philippines in early 2018, followed by an entry into other markets in Southeast Asia.

Besides Go-Jek, the other Indonesian startup unicorns are e-commerce platforms Tokopedia and Bukalapak as well as online airline ticketing and hotel booking services company Traveloka.

Capital Injections in Go-Jek:

Investor Capital Injection
• Google
• Astra International
• Temasek Holdings
• Tencent Holding
• Meituan-Dianping
• GDP Ventures (Djarum Group
USD $1.2 billion
• Northstart Group
• Formation Group
• Rakuten
• Farallon Capital Management
• Capital Group
• Warburg Pincus
• KKR & Co
• NSI Ventures
USD $550 million
• NSI Ventures
• DST Global
• Sequoia Capital