NUSA DUA, Bali -- German insurance company Allianz Group has invested $35 million in Go-Jek, a welcome boost for the Indonesian ride-hailing platform amid fierce competition in its home country with Singapore-based Grab.
The investment, made by the insurer's digital investment unit, was announced on Wednesday. Allianz's Indonesian unit had already entered a strategic partnership with Go-Jek, whereby it provided health insurance services to drivers and their families.
