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After Uber flop, Go-Jek says it doesn't need ride-hailing to profit

Indonesian startup, valued at $10bn, bets on food and payments as earners: CEO

Go-Jek founder and CEO Nadiem Makarim speaks during an interview in Tokyo on May 29 (Photo by Karina Nooka)

TOKYO -- Go-Jek aims to build pockets of profit in its food delivery and finance, CEO Nadiem Makarim said, arguing that the Indonesian startup does not need its founding ride-hailing business to make money when it goes public.

"The most powerful asset of Go-Jek [is] that we don't need four-wheel ride-hailing to be profitable," Makarim told the Nikkei Asian Review in an interview here on Wednesday. "Ride-hailing... represents less than a quarter of our overall gross merchandise value. Food is bigger and payment is even much bigger."

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