ANDRE SOELISTYO

Company: Gojek

Title: Co-CEO

 

Residing Country: Indonesia

Industry: Mobile, Ecommerce, Marketplace, Ride-hailing

Joint Nominee: Kevin Aluwi, Co-CEO


 

Andre Soelistyo is the Co-CEO of Gojek Group and sets the overall strategic direction for the company. Since joining Gojek in 2015, he has played a pivotal role in laying a solid foundation for Gojek’s rapid growth and long-term business sustainability. He has overseen over US$4 billion of fundraising, which attracted key investors such as Google, Tencent, Astra, KKR and Warburg Pincus.  

Andre also heads up Gojek’s payments and financial services business, which encompasses GoPay, GoFin and the platform’s business solutions unit. By growing the payments and financial services business, Andre is leading the company’s vision to accelerate financial inclusion across Southeast Asia and improve lives for more people.  

Prior to joining Gojek, Andre was the Executive Director for Northstar Group – a leading Southeast Asia private equity fund. He was previously the Head of Corporate Finance at one of Indonesia’s largest coal mining contractors, PT Delta Dunia Makmur Tbk.  

 

The disruptive innovation.

 

Gojek has evolved and expanded since it first launched its app in 2015. The app now offers more than 20 services to their consumers, and aside from Indonesia, is now developed in Vietnam, Singapore, Thailand, and the Philippines too. 

During the pandemic, the company established the Gojek Partner Support Fund — the company’s employees agreed to donate 25% of senior management-level staff salaries and all Gojek employees’ salary increases due for the year. The total donation amounted to 100 billion rupiah, and went towards helping Gojek drivers cope with effects of the pandemic. 

In 2020, Gojek’s annualized gross transaction value across 4 Southeast Asian countries climbed 10% from 2019 to more than US$12 billion as of the end of September. The number of registered food merchants using its platform to reach consumers in Southeast Asia hit 900k in November, almost doubling from 500k a year ago. 

Positive contribution margins were recorded for the company’s core businesses. Its grocery and shopping platforms GoMart and GoShop recorded a 500% jump in GTV while its online payment service, GoPay, saw transactions more than double year-on-year in October as Indonesian consumers increasingly turned to online platforms for their daily and payment needs.  

Souce: New Straits Times |The Jakarta Post