It looks like Indonesian ride-hailing firm Go-Jek will finally initiate its long-awaited expansion in Southeast Asia over the next month. The company announced today that it’ll launch businesses in Vietnam and Thailand under the names of Go-Viet and Get, respectively, using a model that sees local founders run each business independently with backing from local […]
View More Go-Jek prepares to launch ride-hailing services in Vietnam and ThailandCategory: go-jek
Grab launches a food delivery service in Southeast Asia
Fresh from completing its acquisition of Uber’s Southeast Asia business, ride-hailing firm Grab has officially launched its food delivery business — GrabFood — today. The service is already available in beta in a handful of countries, including Thailand, but now it is available in Singapore (Grab HQ) with plans to reach Grab’s core six markets […]
View More Grab launches a food delivery service in Southeast AsiaGo-Jek officially announces Southeast Asia expansion to fill void left by Uber’s exit
There’s good news for consumers in Southeast Asia who are feeling the void after Uber left the region. That’s because Go-Jek, the Indonesia-based ride-hailing company backed by Google, Tencent and others, has officially announced plans to move into four new markets. Go-Jek said today it will move into Vietnam, Thailand, Singapore and the Philippines initially […]
View More Go-Jek officially announces Southeast Asia expansion to fill void left by Uber’s exitBangladesh’s version of Go-Jek raises over $10M in a round led by Go-Jek
$4.5 billion-valued ride-sharing startup Go-Jek may be busy in Southeast Asia, where it is aiming to step into the gap following Uber’s exit, but that isn’t stopping it from looking at opportunities elsewhere in the world. Over in Bangladesh, motorbike-taxi hailing service Pathao has announced that it raised a “pre-Series A” investment led by Go-Jek. […]
View More Bangladesh’s version of Go-Jek raises over $10M in a round led by Go-JekGrab’s acquisition of Uber Southeast Asia drives into problems
The long-rumored Grab acquisition of Uber’s Southeast Asia business may be official now, but it’s far from complete. In fact, what should be a celebratory coming-of-age moment for the Southeast Asian local champion is threatening to become nightmarish thanks to persistent regulators, panicky Uber staff and reluctant drivers who are supposed to switch to Grab […]
View More Grab’s acquisition of Uber Southeast Asia drives into problemsGo-Jek is in talks with former Uber ally ComfortDelGro, Singapore’s top taxi firm
ComfortDelGro, Singapore’s largest taxi operator, has held talks with Go-Jek about a potential partnership that could replace its annulled agreement with Uber. 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 […]
View More Go-Jek is in talks with former Uber ally ComfortDelGro, Singapore’s top taxi firmInsurance giant Allianz confirms $35M investment in Asian ride-sharing unicorn Go-Jek
German insurance giant Allianz is following Google and Tencent by backing Go-Jek, the Indonesia-based ride-hailing and local services company valued at over $4.5 billion, after it announced an investment. The money comes from Allianz X, the firm’s digital investment arm, which confirmed it put in $35 million in what is its first deal in Southeast Asia. The […]
View More Insurance giant Allianz confirms $35M investment in Asian ride-sharing unicorn Go-JekAlibaba is preparing to invest in Grab
Fresh from announcing a deal to buy out Uber in Southeast Asia, Grab looks set to gain further firepower with Chinese e-commerce giant Alibaba preparing to invest in the ride-hailing firm. Alibaba is in the early stages of making an investment in Grab, two sources with knowledge of discussions told TechCrunch. Isn’t yet clear what […]
View More Alibaba is preparing to invest in GrabIs Uber selling its Southeast Asia business to Grab?
If you read the tech press, you might have seen reports that Uber is pursuing a sale in Southeast Asia that would see Grab, its Singapore-headquartered rival valued at $6 billion, acquire Uber’s business in the region. Rumors of such a tie-in have been rife for a while. Uber sold its China business in exactly such an arrangement in 2016, and it made a similar exit from Russia last year.… Read More
Google confirms investment in Indonesia’s ride-hailing leader Go-Jek
Google has confirmed its investment in Go-Jek, the hail-railing service that rivals Uber and Grab in Indonesia. TechCrunch reported the investment last week, which was made alongside China’s Meituan-Dianping and Singaporean sovereign fund Temasek. The trio were part of a final tranche of a $1.2 billion round that Go-Jek began negotiating on last April, with commitments from the likes… Read More
Google is investing in Indonesia-based Uber rival Go-Jek
Google is backing investing in ride-hailing companies. The U.S. search firm and China’s Meituan-Dianping are among the tech giants set to invest in Go-Jek, the Indonesia-based rival to Grab and Uber, a source with knowledge of discussions told TechCrunch. We understand a deal could be completed as soon as next week, though whether Go-Jek announces it is unclear since it has history of… Read More
Go-Jek buys three startups to advance its mobile payment business
Go-Jek, the company leading Uber and Grab in Southeast Asia’s largest market, has bagged a hattrick of deals to advance its mobile payment strategy. Indonesia-based Go-Jek revealed it has acquired offline payment firm Kartuku, payment gateway Midtrans and payment and lending network Mapan for undisclosed sums. The company started out in 2015 offering a ride-hailing service for… Read More