Indonesia’s Go-Jek launches beta app in Thailand

Photo: GET

Indonesian ride-hailing giant Go-Jek is one step closer to a full roll-out of its services in Thailand after launching the beta version of its local affiliate app GET.

The app currently offers two services — a ride-hailing service called GET WIN and a courier service called GET DELIVERY. However, it promises that more “lifestyle services” are to come.

In its description, the app says it is “managed and run by Thais for Thais” and that it is “equipped with world-class technology and expertise from Go-Jek”.

Prior to the beta launch of the booking app, GET had launched an app for its drivers on November 22. The company claims that app has recorded over 1,000 downloads in less than a month.

Thailand becomes the third country outside Indonesia Go-Jek has forayed into as part of its $500-million expansion plan, having previously launched its services in Vietnam and Singapore.

The Indonesian unicorn launched its operations in Vietnam in September through a local affiliate and brand called Go-Viet. It started off offering only ride-hailing and courier services but has recently started piloting the Go-Food service in the country.

In Singapore, Go-Jek launched the beta version of its app late last month, as the first step towards its full roll-out which it expects to happen in early 2019. As of mid-December, the beta app on Play Store has had over 10 million downloads.

In its expansion to the Thai market, Go-Jek had said that it has been faced with a unique set of challenges such as the strong local culture which only allows motorbike taxis to drive in certain areas.

“So it’s about figuring out how to operate in that society, and over time work with the guys who own the rights in those various neighbourhoods. That way we need to be a little more adaptive when it comes to growth,” Go-Jek’s Vice President for International Expansion, Andrew Murphy, had said during a panel discussion organised by HubSpot Singapore in October.

After Vietnam, Singapore and Thailand, the Philippines is expected to the next target market for Go-Jek. However, the company’s efforts in the Philippines hit a roadblock after the country’s transportation authority rejected the company’s application, citing an existing moratorium on accrediting transport network companies.

Go-Jek is reportedly finalizing a $2-billion funding round to boost its international expansion plans.

Meanwhile, its arch-rival Grab yesterday announced a $150-million investment from Japan’s Yamaha Motor Co. Ltd, as part of its ongoing Series H funding round.

The funding comes little over a month after Grab raised $250 million from automaker Hyundai Motor and its affiliate Kia Motors, and another $50 million from Thailand’s KASIKORN Bank. In total, the Singapore-headquartered firm has now raised $2.9 billion in its Series H round.

Also Read:

Go-Jek secures nearly $2b in commitments, to finalise new funding round next week

Indonesia’s Go-Jek launches local brands for Vietnam, Thailand expansion

Go-Jek said to launch ride-hailing services in Singapore this month

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.