Going Great Guns with Go-Jek
Go-Jek, the ride-hailing service in Indonesia, is reportedly getting funding from search giant Google and Singapore’s investment arm Temasek...
https://automology.blogspot.com/2018/02/going-great-guns-with-go-jek.html
Go-Jek, the ride-hailing service in Indonesia, is reportedly getting funding from search giant Google and Singapore’s investment arm Temasek. Its existing investors, KKR & Co and Warburg Pincus, are said to be participating in the funding as well, which the company hopes will total US$1.2 billion.
Go-Jek, derived from the word ojek, as motorcycle taxis are known in Indonesia, plans to challenge deep-pocketed rivals Grab and Uber with this funding.
Founded by Nadeim Makarim in 2010 with only 20 riders, it has become one of the dominant players in the country and one of a select group of Southeast Asian unicorns, with a market value of US$2.5 billion.
Southeast Asia’s ride-sharing market is predicted to grow from US$2.5 billion in 2015 to US$13 billion by 2025, according to a report co-authored by Google. Go-Jek and its rival Grab want a bigger piece of that pie.
Its e-wallet, Go-Pay, launched in 2016, is Indonesia’s fourth biggest e-wallet service, which facilitates cashless payments for all of the services offered through Go-Jek.
Anytime you plan to visit Indonesia, make sure you download the Go-Jek app. It’ll make your daily commute much more bearable. Here’s a list of its services that you’ll find on its site:
Go-Jek, derived from the word ojek, as motorcycle taxis are known in Indonesia, plans to challenge deep-pocketed rivals Grab and Uber with this funding.
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| image source - klikmania.net |
Southeast Asia’s ride-sharing market is predicted to grow from US$2.5 billion in 2015 to US$13 billion by 2025, according to a report co-authored by Google. Go-Jek and its rival Grab want a bigger piece of that pie.
Its e-wallet, Go-Pay, launched in 2016, is Indonesia’s fourth biggest e-wallet service, which facilitates cashless payments for all of the services offered through Go-Jek.
Anytime you plan to visit Indonesia, make sure you download the Go-Jek app. It’ll make your daily commute much more bearable. Here’s a list of its services that you’ll find on its site:
