Setu has announced the appointment of Gojek Veteran Irfan Shah as CTO. “We are so excited to have Irfan join us as CTO. Setu is building financial infrastructure for the internet, and our guild of code poets needed a leader like Irfan to build a kickass technology backbone and help find kindred spirits. His experience…
Indonesian super app Gojek recently announced that its video streaming platform, GoPlay has closed its first independent funding round. The round was led by ZWC Partners and Golden Gate Ventures. The funding round also saw participation from Openspace Ventures, Ideosource Entertainment, and Redbadge Pacific. With local shows and films attracting larger audiences in Indonesia, the…
Indonesia-based tech startup Gojek recently announced that it is laying off about 9% of its total workforce amid the coronavirus pandemic. The recent downsizing exercise at the company is expected to affect about 430 employees. In an official statement, the company said that the layoffs are part of a “long-term response to the Covid-19 pandemic”…
Singapore-based ridesharing startup Grab, recently announced that it has raised more than $850mn from Japan’s Mitsubishi UFJ Financial Group Inc and TIS Inc. With the recent investment, the company plans to bankroll its expansion into financial services in the region. According to joint statements from the companies, the sum includes $706 million from Japan’s largest…