Go-jek, Indonesian Start-Up Company that becomes famous world wide

[pr1v4t33r]

Indonesia’s Go-Jek just raised $1.5 billion

The ride-hailing service is now valued at $5 billion–that’s just $1 billion less than Southeast Asia’s largest ride-hailing company, Grab, reports Reuters. Its newfound funds come from more than a dozen investors including BlackRock and Google and will help it expand its footprint in the heavily contested Southeast Asia market, where it will try to gain market share at the cost of rivals like the aforementioned Grab and Uber. Besides its ride-hailing services, Go-Jek will be expanding its payment system, known as Go-Pay. That system is currently one of the most popular mobile payment platforms in Indonesia.

https://www.fastcompany.com/40535926/indonesias-go-jek-just-raised-1-5-billion

 

[katarabhumi]

Indonesia’s Go-Jek poised for imminent Southeast Asia expansion

March 29, 2018

JAKARTA: Indonesian ride-hailing and online payment company Go-Jek is set to announce its first expansion to another country in Southeast Asia in the "next few weeks", according to an internal company email seen by Reuters.

Go-Jek also plans to expand to three other Southeast Asian countries by the middle of this year, the email quoting Go-Jek Chief Executive Nadiem Makarim said.

News of the plans come after Uber Technologies Inc agreed this week to sell its Southeast Asian business to regional rival Grab.

The industry´s first big consolidation in Southeast Asia, home to about 640 million people, could put pressure on Go-Jek, which is backed by Alphabet Inc´s Google and China´s Tencent Holdings.

Makarim described that Uber deal as a "great opportunity" because "fewer players means a smoother path to continued and deepened market leadership" for Go-Jek in Indonesia.

Ride-hailing companies throughout Asia have relied heavily on discounts and promotions, driving down profit margins and increasing pressure for sector consolidation.

Go-Jek, a play on the local word for motorbike taxis, has grown rapidly since the startup launched eight years ago in Indonesia, a county with a population of more than 250 million people. Customers can get drivers to deliver everything from meals and to cleaners and hairdressers, via a smartphone app - helping it become a crucial workaround in cities such as Jakarta with some of the worst traffic in the world.

Makarim did not name the countries targeted for expansion in the email, but Go-Jek´s chief technology officer has previously said it aimed to set up operations in the Philippines this year.

"Preparations are well under way and within the next few weeks our first new country launch will be announced," the email quoted Makarim as saying.

"This will be followed by three other countries in Southeast Asia by the middle of the year." Citing the financial and strategic backing of its local and global partners, he added: "We are confident that we have more than enough support to take one of the most amazing growth stories in the world from being an Indonesian phenomenon to a global one.

https://www.thenews.com.pk/print/29...-poised-for-imminent-southeast-asia-expansion
https://www.thenews.com.pk/print/29...-poised-for-imminent-southeast-asia-expansion
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[katarabhumi]

Bring in Indonesia's Go-Jek to compete with Grab in PH – lawmaker
Makati Representative Luis Campos Jr also says lawmakers are counting on the Philippine Competition Commission to go over the Uber-Grab deal

Published 10:58 AM, March 31, 2018

MANILA, Philippines – Following the unification of Grab and Uber's operations in the country, a lawmaker suggested to bring in Indonesia's top ride-hailing service, Go-Jek.

This would promote competition in the Philippine market, House Deputy Minority Leader and Makati City 2nd District Representative Luis Campos Jr said in a statement on Saturday, March 31.

"To counteract the merger and reestablish competition, we may have to encourage other large suppliers such as Go-Jek to come in right away," said Campos.

Go-Jek, based in Jakarta, is the most popular ride-hailing and logistics services app in Indonesia.

"No matter how you look at it, the combination of the regional businesses of Uber and Grab not only reduces but effectively eliminates competition in the Philippine ride-hailing market," the lawmaker said.

On March 26, Uber announced it sold to Grab its Southeast Asia operations. In return, Uber will get a 27.5% stake in Grab's business.

By April 8, Uber drivers would have migrated to Grab. (READ: As Uber gives up Philippine operations to Grab, what now for commuters?)

Campos added he would have preferred that Uber, Grab, and Go-Jek were competing against each other in the Philippines. "Three players are better than two. But if we can't have 3, two is better than one," he said.


Go over Uber-Grab deal

Campos also said that lawmakers are counting on the Philippine Competition Commission (PCC) to pore over the Uber-Grab deal. (READ: [OPINION] How the looming Grab monopoly will impact on Filipino commuters)

"Assuming the deal qualifies as a covered transaction, then we expect the anti-trust body to perform its duty in ensuring that businesses compete and that consumers benefit," he said.

PCC Chairman Arsenio Balisacan said in a statement that if the parties meet the new threshold for reviewing merger and acquisition transactions, they "should notify at the PCC within 30 days after signing their definitive agreement."

Campos argued that in ideal markets ruled by anti-trust regulators, "a business combination that gets rid of the competition may not be permitted until a substitute challenger comes in."

He added that anti-trust regulators "may also compel the unloading party to sell its business to two separate buyers, instead of dealing with a lone acquirer." – Michael Bueza/Rappler.com

https://www.rappler.com/nation/199280-bring-in-indonesia-go-jek-compete-grab-philippines-lawmaker

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[katarabhumi]

Go-Jek unveils local brands for its Thailand and Vietnam launches
Jack Ellis · 25 Jun 2018

Go-Jek is getting a new look. In Thailand and Vietnam, at least.

The Indonesian ride-hailer has unveiled the names and branding for the “autonomous” units that it’s establishing in the two countries as part of its US$500 million regional expansion plan.

In Vietnam, Go-Jek’s services will be provided by Go-Viet. It will begin beta testing in July before a full launch in the following months, Go-Jek said in a statement.

In Thailand, on the other hand, Go-Jek’s local unit Get is still in “consultations” with “various local stakeholders including the government, driver-partners, and consumers.”

Both new companies will initially offer ride-hailing and logistics services, with food delivery and digital payments set to follow at a later date, Go-Jek said.


A risky gamble

What’s striking about the Go-Viet and Get brands is how much they appear to diverge – in a visual sense, at least – from Go-Jek’s own branding.

When the Indonesian firm announced plans for its first international expansion effort last month, it said operations in new markets will be run by local founding teams. Go-Jek itself would provide technological support and expertise to these “local companies,” which would be free to “determine their own brands and identities to ensure good traction in each new market.”

Go-Jek co-founder and CEO Nadiem Makarim told Channel NewsAsia at the time that the firm would “put a lot of trust in the autonomy of the local teams and have them make autonomous and critical strategic decisions about where to go.”

However, analysts have expressed some concern over this “autonomous” approach, noting that it could dilute or damage the Go-Jek brand if anything were to go awry in its new markets.

Go-Jek’s archrival Grab has also pursued a partnership model in order to tap into Singapore’s bike-sharing market. Earlier today, its key partner in the space, oBike, announced a halt to its operations in the city-state as it has decided not to attempt to obtain regulatory approval to continue its service.

The knock-on effect of this for Grab is that it had to suspend new sign-ups to its GrabCycle bike-sharing marketplace due to a lack of available bicycles. Grab’s headache here may provide Go-Jek with food for thought as it pushes on with its own “autonomous” partnering strategy in the region.

https://www.techinasia.com/gojek-get-goviet


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Go-Jek tests Go-Bike, Go-Send in Vietnam’s HCM City ahead of official launch
Quynh Nguyen, July 18, 2018

Indonesia’s ride-hailing giant Go-Jek will conduct a five-day trial of two of its services, Go-Bike and Go-Send, in some districts of Ho Chi Minh City on July 18, local media reported.

In June, Go-Jek launched two locally founded companies in Vietnam (Go-Viet) and Thailand (GET) to mark the first wave of its international expansion. Both companies will be run by local founding management teams with Go-Jek providing expertise as well as technology and investment.

Go-Viet will officially launch in Ho Chi Minh City in early September. After the testing, Go-Viet will be widely deployed in Ho Chi Minh City and quickly expanded to Hanoi as well as other provinces in the country.

“Our strategy is to combine the world-class technology developed by GO-Jek, with the in-depth market knowledge and expertise of the local teams, to create local businesses that really understand consumers. We believe that these in-country teams have the knowledge and experience to make the businesses in Vietnam and Thailand a huge success,” said Go-Jek CEO and founder Nadiem Makarim.

With the aim of becoming the largest multi-service platform in Vietnam, Go-Viet will start with the service of transport and goods delivery first, then food delivery, e-payment and other services, Nguyen Vu Duc, CEO of Go-Viet was quoted as saying by local media Cafe.vn.

In October last year, Go-Jek founder and CEO Nadiem Makarim announced plans for the startup to operate in four other member countries of the Association of the Southeast Asian Nations (ASEAN) but did not specify the targeted countries.

Apart from Indonesia and the Philippines, Southeast Asia comprises Malaysia, Singapore, Laos, Vietnam, Cambodia, Brunei, East Timor and Myanmar.

Vietnam would be the third market overall for Go-Jek as it already holds a stake in Bangladesh’s ride-sharing app Pathao.

Go-Jek’s competitor Grab, meanwhile, is continuing to expand its foothold in the region. By the end of June, it launched GrabPay mobile wallet with GrabPay Credits in Malaysia and is eyeing more partnerships with local service providers.

https://www.dealstreetasia.com/stor...ams-hcm-city-ahead-of-official-launch-102114/


@Viet @Viva_Viet .. A new alternative, guys.


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[Indos]

Go-Jek has officially launched outside of its native Indonesia for the first time. Go-Viet began operating motorbike-hailing and express courier services in Ho Chi Minh City last month.

Next on Go-Jek’s list is Thailand – where it will be known as Get – with launches in Singapore and the Philippines set to follow later this year.

Archrival Grab may present the biggest hurdle for the Indonesian firm’s expansion plan, but there are a host of other app-based ride-hailing players that it will have to contend with as it makes its first foray beyond local shores.


https://www.techinasia.com/gojek-foreign-adventure

 

[Asian.Century]

LoL -Pakistan already has motorcycle/ AutoRickshaw version of Go-Jek in Careem and Uber.

 

[katarabhumi]

Indonesia's Go-Jek starts trial launch in Singapore, challenges Grab
November 29, 2018 / 4:27 PM

SINGAPORE (Reuters) - Indonesian ride-hailing firm Go-Jek kicked off a trial launch in parts of Singapore on Thursday and plans to roll out an array of services through its app in early 2019, challenging dominant player Grab in the small city-state.

Both Go-Jek and Grab are raising billions of dollars and investing aggressively in the race to corner a bigger share of Southeast Asia, as more of the region’s 640 million consumers go online and use smartphones to shop, commute and make payments.

Go-Jek, backed by the likes of Tencent Holdings, Alphabet Inc’s Google and Singapore state investor Temasek Holdings, is initially launching ride-hailing service in parts of Singapore after forming a partnership with DBS Group Holdings, the region’s biggest bank.

“As this is a new product, we will obviously give promotions, but at the end of the day it shouldn’t only be pricing that differentiates our services,” Go-Jek’s president, Andre Soelistyo, told reporters on Thursday.

Grab, backed by Japan’s SoftBank and Chinese ride-hailing firm Didi Chuxing, bought Uber Technologies’ loss-making Southeast Asian business this year, marking the first big consolidation in the region.

Following this, Singapore’s anti-trust watchdog slapped Grab and Uber with fines and imposed measures to open up the local market to competitors after concluding that their merger had driven up prices.

Go-Jek’s executives declined to give any details on how many drivers it had signed up or a target for market share in Singapore, but said payment services would be launched later.

Started in 2011 in Jakarta, Go-Jek has evolved from a ride-hailing service to a one-stop app through which its customers can make online payments and order everything from food, groceries to massages.

https://www.reuters.com/article/us-...ch-in-singapore-challenges-grab-idUSKCN1NY0TT

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[katarabhumi]

Mitsubishi Motors to invest in Indonesia ride-hailing firm Gojek
Kyodo News
Posted at Jul 08 2019 05:58 PM

TOKYO - Japan's Mitsubishi Motors Corp. said Monday it will invest in Indonesian ride-hailing and on-demand delivery service startup company Gojek, hoping to capitalize on its competitive edge in automobile businesses in the region.

The investment in Gojek group, which is expanding its business not only in Indonesia but other Southeast Asian countries, will be made along with trading house Mitsubishi Corp., the Japanese automaker said. The three companies have signed a memorandum of understanding to discuss joint projects on new services.

While details of the investment and services have not been disclosed, Mitsubishi Motors Chairman Osamu Masuko said in a press release that Mitsubishi group's "long and strong presence and brand power in Southeast Asia, as well as Gojek's diversified and unique business potentials" are expected to bring "big synergies and innovation that boost growth of the three parties."

Gojek, an on-demand multi-service platform technology group, was established in 2010 and has evolved through the launch of its mobile phone application in 2015 that provides motorbike delivery and ride-sharing services.

The company, which offers a wide range of services including food delivery and logistics, now operates in over 50 cities across Southeast Asia, according to its homepage.

https://news.abs-cbn.com/business/0...o-invest-in-indonesia-ride-hailing-firm-gojek

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[Nike]

This is a marketing at whole another level

https://twitter.com/x/status/1152775988297838593

https://twitter.com/x/status/1152783370197168128

https://twitter.com/x/status/1153494213390217217

 

[Indos]

Gojek appoints former Amazon senior engineer as CTO

• News Desk
  The Jakarta Post

Jakarta / Wed, July 22, 2020 / 01:29 pm

Gojek chief technology officer Severan Rault poses for a picture near the ride-hailing firm's logo. (Courtesy of Gojek/-)



Indonesian decacorn Gojek announced on Wednesday that it had appointed former Amazon software development director Severan Rault as its new chief technology officer (CTO) to lead the ride-hailing application’s engineering team in Southeast Asia and India.

Rault, who started his career at Gojek earlier this year as the head of engineering of the company’s marketplace, is replacing Ajey Gore, who stepped down in June after five years serving as Gojek’s CTO.

“It is an exciting time to be with Gojek because the company is transitioning from a start-up to become a more developed company,” Rault said in a press statement.


“I joined Gojek because of its goal to help people. I am drawn to solving technical challenges related to the goal, such as developing an advanced cloud solution and applying artificial intelligence solutions,” he added.

Rault has more than 20 years of experience in the technology industry, including leading the Amazon team to create Amazon Prime Air – the company’s delivery service by drone.

He has also worked with another American tech giant, Microsoft, as the company’s principal development manager for Microsoft OneApp and principal architect at the tech giant’s search engine Bing.

He also worked with a virtual reality technology company Betawave prior to joining Gojek.

“We are excited to have Severan as our CTO. His expertise, enthusiasm and leadership will bring Gojek’s product and service development to a higher level,” said Gojek Co-CEO Kevin Aluwi. (eyc)

https://www.thejakartapost.com/news...nts-former-amazon-senior-engineer-as-cto.html

 

[I S I]

I misread it as Go jerk at first sight

We have same service by the name of Bykea in Pakistan.

 

[Indos]

I misread it as Go jerk at first sight

We have same service by the name of Bykea in Pakistan.

Does young Pakistani who start the business ? You are welcome to put the founder in this thread.

 

[I S I]

Does young Pakistani who start the business ? You are welcome to put the founder in this thread.

Yes.

https://pk.linkedin.com/in/muneeb1