Having recently rolled out its beta app for a limited service area operation in Singapore, Indonesian unicorn Go-Jek will be extending its ride-hailing services to the whole of the city-state from January 2, 2019.
“This means that users will be able to use Go-Jek to take rides anywhere in Singapore,” the company said in a statement.
Go-Jek added that the island-wide roll-out is part of its continued beta phase for Singapore, which started in November. It will also see the continued partnership with Southeast Asia’s largest lender DBS, which has seen DBS/POSB Bank customers enjoying priority access to the app.
As of the end of December 2018, Go-Jek’s beta app in Singapore has been downloaded over 50 million times. In November, the startup had said it expects to fully launch in Singapore by early 2019.
Unlike its expansion into other Southeast Asian markets, Go-Jek has entered Singapore using its own entity and brand, without the use of a local affiliate.
Go-Jek’s operations in Vietnam, which kickstarted in September last year, is carried out under the local brand Go-Viet. Similarly in Thailand, where it recently launched its beta app, Go-Jek operates through its local affiliate GET WIN.
After Vietnam, Singapore and Thailand, the Philippines is expected to be 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 its application, citing an existing moratorium on accrediting transport network companies.
Go-Jek is reportedly finalising a $2-billion funding round to boost its international expansion plans.
Meanwhile, its arch-rival Grab is said to be raising a $5-billion funding round, much larger than a previously announced $3-billion target. The Singapore-headquartered ride-hailing firm had last announced a $150-million investment from Japan’s Yamaha Motor Co. Ltd, as part of its ongoing Series H funding round.