Aditya Kumar, an experienced corporate venture and venture capitalist in Southeast Asia, has joined Indonesia-based on-demand ride provider Go-Jek as vice-president of corporate development.
The move comes while Go-Jek is in the process of raising up to $1.5bn at a reported $4bn valuation, in a round that so far includes e-commerce firm JD.com, internet technology provider Google, internet company Tencent, local services platform Meituan-Dianping, and a $35m investment from insurer Allianz last month.
Go-Jek has already begun moving into corporate venturing, having led Bangladesh-based ride hailing platform Pathao’s $10m series B round last month.
The Pathao round also included Openspace Ventures, the subsidiary of private equity firm Northstar formerly known as NSI Ventures, as well as private equity group Osiris Group and mobility investment vehicle Battery Road Digital Holdings.
Kumar was previously a senior investment associate at Openspace for nearly two and a half years. He had formerly been an associate at telecommunications group Softbank’s China and India venture team for a few months, working out of the corporate’s Jakarta, Indonesia office.