Indonesia: Lippo Group’s MatahariMall, taxi-app Grab join hands for delivery solutions

Indonesian conglomerate Lippo Group and Singapore-based ride-hailing app Grab set up a strategic partnership in Indonesia under which is e-commerce site MatahariMall will benefit from Grab’s transport and deliveries service. 

John Riady, a Lippo Group Director added,”Our combined knowledge of the Indonesia market will help us build the most effective online-to-offline experience – to ensure that online shoppers anywhere in Indonesia can receive or collect their purchases easily.”

According to MD Grab Indonesia Ridzki Kramadibrata added that Grab will offer its transport and deliveries expertise to further enhance MatahariMall’s online-to-offline experience.

Also Read: Matahari Department Store ups stake in MatahariMall.com operator

“We are proud to partner with Grab, and believe that the joining of forces of two of the leading Southeast Asian tech and Internet companies will contribute to Indonesia’s continued economic growth,” said Emisyah Satar, executive director of Lippo Group.

While, Anthony Tan, group CEO and co-founder of Grab says,“Technology can be a key driver of economic growth, and we are both invested in opening the digital economy to all Indonesians.”

GrabCar business has exceeded 50 percent of the private car market share in Indonesia by end-2015 and grew 30 percent last month, said Grab officials.

Legal Entity

On March 16, 2016, the Ministry of Cooperatives and SMEs approved the establishment of a cooperative for Grab’s drivers. Grab is now incorporated in Indonesia and is fully compliant with all applicable laws, including tax laws.

Minister of Communications and Information Technology said that the solution to form cooperatives have received permission from the president Joko Widodo and vice president Jusuf Kalla

“We are heartened by the progressive stance of the Indonesian Government to regulate the online  ride-hailing industry. We are grateful for the guidance from Ministry of Communication and  Information Technology, Ministry of Transportation, Jakarta Transportation Agency, and the timely  response and commitment from Ministry of Cooperatives and Small & Medium Enterprises (SMEs),” Ridzki stated.

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.