GOJEK Acquires AirCTO, Expands Operations in India
GOJEK, the Super App of Southeast Asia, acquired AirCTO, a Bangalore-based Artificial Intelligence recruitment platform, and opened its second engineering and product development centre in Gurgaon.
As part of the deal, the AirCTO team will be joining GOJEK with immediate effect and will be looking into building products that accelerate the recruitment of talent for GOJEK. The acquisition aligns with GOJEK’s focus on hiring premium talent to support the development of its ‘Super App’. Terms of the deal were not disclosed.
The company has also announced the opening of a new office in Gurgaon, for which GOJEK plans to hire 100 employees aiming to reach a total headcount of 500 in India by the year-end. As part of its expansion plans, the company is also considering further acquisitions in India.
The Indonesian-headquartered company is actively interested in companies with complementary expertise in engineering, design and product management.
“Our investment in Gurgaon underlines our commitment to growing the GOJEK India story. We have looked at multiple ways to expand our operations and concluded that Gurgaon is a logical destination to set up shop, not least because of the amazing talent we have found in the area. GOJEK recorded an annualized Gross Transaction Value (GTV) of US$9 billion as of 2018, and the hyper-growth journey we’ve been on demands talent who are willing to take risks, fail, learn and continue to scale a company that aims to solve everyday problems for Southeast Asia. With operations underway in Singapore, Thailand and Vietnam, we will now consider whether further acquisitions are needed as we seek to bring in entrepreneurial teams who can help us further develop the multi-service business model that makes GOJEK a leader in Southeast Asia,” said Sidu Ponnappa, MD India at GOJEK.
On the acquisition of AirCTO, Sidu added, “I’m super thrilled to have AirCTO’s talented team join us. The team will use technology to help us scale up our hiring processes. Finding quality talent is always a challenge, and Atif and team are here to find technology-based solutions that will help us to overcome this challenge.”
Atif Haider, Founder, AirCTO, said , “At AirCTO we’ve focused on the pain points technology firms experience as they seek to find talent that fits their requirements. We believe that recruiting as an industry needs a major upheaval, and we started AirCTO with this in mind. Over the past three years, we’ve helped a range of startups and corporates source qualified candidates for critical technology roles. We were in talks with a number of other tech giants, but we found GOJEK to be the best fit, as we share similar DNA – something that’s really important for us. We intend to use our prowess in recruitment to contribute to the hyper-growth GOJEK is currently experiencing across Southeast Asia.”