Go-jek Ready to Hi-Jek Grab's Monopoly in Southeast Asia?
When Indonesian ride-hailing Go-Jek opened an office in Singapore last year, sparking speculations that they might roll out their signature service here, the Land Transport Authorities (LTA) had put those rumours to rest stating that “motorcycles are not allowed to be used for point-to-point transport services”.
Early this week, a shareholder of Go-Jek has revealed that the Indonesian startup is rolling out its Go-Car service in Singapore following news of the Grab-Uber merger. There have been rumours that Go-jek would expand to 3 Southeast Asian countries following Uber's exit from this region.
This might be the time.
As reported by The Business Times, Go-Jek has been in talks with Singapore taxi giant ComfortDelGro to explore a tie-up, and the two have been discussing ways for a "potential partnership". Both companies have refused to comment on the news, saying they do not comment on rumours or speculation.
Uber struck a major deal when it tied up with Comfort last December, but that fell apart last month when the U.S. firm agreed to sell its Southeast Asia business to Grab and exit the region entirely.
Go-Jek has set up an office in Singapore to hire data scientists. But observers are certain that it will start a ride-hailing business here within the next few months.
Go-Jek is valued at more than $4.5 billion and it has raised over $2 billion from investors that include Google, Tencent, JD.com, Allianz and Meituan Dianping. The company started life as a motorbike taxi-hailing app, but it has since expanded into four-wheeled taxis, services on-demand and payments in Indonesia where it is considered the market leader.
Source : The Business Times | Tech Crunch | Straits Times
Why you report this article?
What do you think?
Give a comment