ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Technology

Gojek slashes 'lifestyle' services amid pressure to turn a profit

Asian unicorns not immune to investor doubts following troubles at WeWork

Gojek began as a call center for motorcycle taxis called "ojek," and introduced its app in 2015. (Photo by Akira Kodaka)

JAKARTA -- Gojek, the Indonesian developer of a popular app aimed at satisfying a wide range of daily needs, announced Wednesday that it will shut down all but two of the lifestyle services offered on its platform.

The move comes as startups face increasing pressure to show a path to profitability. Investors are growing leery of cash-burning companies in the wake of the high-profile travails of U.S. office-sharing startup WeWork. Gojek's decision shows that Indonesia's only "decacorn," as startups valued at over $10 billion are called, is not immune from the trend.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more