Indonesia’s Go-Jek extends Singapore service to cover entire city

Go-Jek Indonesia office. Photo: Go-Jek

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.

Also Read:

Go-Jek’s SEA expansion had no impact on our numbers, says Grab exec

Indonesia’s Go-Jek launches beta app in Thailand

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

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.

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.