Go-Jek acquired Loket.com

Indonesia's ride-sharing service giant, Go-Jek, acquired Loket.com. The online transport platform takes the strategic step of acquiring online ticket booking platform. The company's takeover to strengthen Go-Jek's Go-Tix ticketing service. Both startups do not mention the amount of money in this acquisition of Loket.com, but certainly Loket.com will add a portfolio of ticket deals on Go-Tix.

Tinuku Go-Jek acquired Loket.com

Loket.com was founded by Edy Sulistyo in 2013 that will provide the power for Go-Tix to offer tickets to more than 250 annual events. The platform also works with two of the largest cinema networks in Indonesia, CGV and Cinemaxx, for movie ticket purchase services.

"We rate Loket.com as a company continues to innovate and utilize technology in its experience to manage various events and entertainment needs," said Go-Jek CEO Nadiem Makarim.

"This collaboration gives the consumer experience to enjoy the event and entertainment will be more complete, helping the promoters to solve the main problems of the event, such as ticket distribution and audience arrangement in innovative entertainment," said Makarim.

The on-demand event management and ticketing services will integrate technology and services into Go-Jek applications used by 40 million users, but will continue to operate independently and not merge into Go-Jek's Go-Tix division.

"We are taking advantage of our colleagues by supporting more events at various scales, including live music events, festivals, attractions, worshop, seminars and cinemas," said Sulistyo.

Loket.com has handled 80 percent of large-scale music performances in Indonesia. The Company has obtained funding from East Ventures and Sovereign's capital.