Go-Jek is close to launching a ride-hailing service in Singapore

Indonesia’s ride-sharing startup Go-Jek plans to land in Singapore, its arch-rival Grab’s HQ, as soon as this month as its regional expansion program gains speed, TechCrunch has come to understand. Go-Jek has grown to become a $5 billion business that’s backed by the likes of Google and Tencent without venturing out of Indonesia, where it […]

Indonesia’s ride-sharing startup Go-Jek plans to land in Singapore, its arch-rival Grab’s HQ, as soon as this month as its regional expansion program gains speed, TechCrunch has come to understand.

Go-Jek has grown to become a $5 billion business that’s backed by the likes of Google and Tencent without venturing out of Indonesia, where it original motorbike taxi-hailing app has fanned out to cover cars, on-demand services, payments and more. But it decided to expand in Southeast Asia following Uber’s exit from the region in March, landing first in Vietnam and then Thailand, where it has recruited drivers and is close to commencing its service.

Singapore — a far smaller market but one that’s hugely symbolic — is on its radar and Go-Jek plans to introduce a service in the country before the end of October, a source with knowledge of the plans told TechCrunch.

Exactly what that’ll look like isn’t clear. Unlike Indonesia, Vietnam and Thailand, Singapore doesn’t allow motorbike taxis so the company will be launching cars right off the bat. Go-Jek remains in discussions with ComfortDelGro, Singapore’s largest taxi operator which previously had an agreement with Uber, but it may also launch its own private car service to rival Grab directly.

Go-Jek is currently in discussions with investors with a view to raising $2 billion to finance the next stage of its expansion.

Grab was founded in Malaysia but it has since moved its headquarters to Singapore where it is registered as a business. The company was recently valued at $11 billion following the completion of a $2 billion financing round.

Consumers have complained about a lack of options following Uber’s exit and Singapore’s regulators fined Uber and Grab over its “anti-competitive” merger deal, but Grab co-founder Hooi Ling Tan has maintained there’s plenty of competition. Certainly, her statement will ring truer when Go-Jek cars are driving around on Grab’s front lawn.

Go-Jek kicks off Southeast Asia expansion with Vietnam launch

Go-Jek, the Indonesia-based ride-sharing company valued at $5 billion, has begun its ambitious plan to increase its rivalry with Grab by expanding into three new markets after it opened shop in Vietnam. The service — which is known as Go-Viet — covers an initial 12 districts in Ho Chi Minh City with a motorbike on-demand service. Rival […]

Go-Jek, the Indonesia-based ride-sharing company valued at $5 billion, has begun its ambitious plan to increase its rivalry with Grab by expanding into three new markets after it opened shop in Vietnam.

The service — which is known as Go-Viet — covers an initial 12 districts in Ho Chi Minh City with a motorbike on-demand service. Rival Grab is in five cities in Vietnam and its services include motorbikes, taxis, private cars and food delivery.

The August 1 Vietnam launch as TechCrunch reported in June. The plan is to then expand into Thailand in September, and the Philippines before the end of this year. Singapore remains a market that Go-Jek would like to enter — it has held partnership talks with taxi operator ComfortDelGro — but it remains unclear whether, and when, that might happen.

Go-Jek expansion plan will put some heat on Grab, which has occupied a near-dominant position across Southeast Asia since it acquired Uber’s local business back in March.

Unlike Grab, though, Go-Jek is taking a very local approach to each market. Not only will it use a local name in each country — in Thailand it will be called “Get” — it has hired local ‘founder’ teams who will be responsible for service offerings and other local business aspects. It isn’t clear how closely they will work with the core Go-Jek team in Indonesia.

That may mean anyone traveling between countries will need to download local Go-Jek apps, which is in contrast to Grab, which offers a single app for eight countries in Southeast Asia.

Valued at $10 billion, Grab has raised over $5 billion from investors, including its most recent $1 billion investment from Toyota. Go-Jek has pulled in just over $2 billion. Tencent, Google, Meituan and others participated in its most recent (estimated) $1.4 billion raise which closed earlier this year.