Hotline: 1800 102 2007
X
Search Business Opportunities
Jul, 09 2018

Go-Jek confirms expansion to Singapore

The company will begin the beta testing phase of the Vietnamese version of the app called GO-VIET this month, which will involve drivers and consumers, before officially launching it soon afterwards.

Go-Jek spokesman Michael Reza Say says the homegrown ride-hailing app will expand its business to Singapore this year, following moves to Vietnam and Thailand.

“We will [expand to Singapore] this year, but we can’t give any details about it yet,” he said on Friday as quoted by Tempo.

According to its website, the Indonesian ride-hailing company would also open a branch in the Philippines. These countries are part of the second wave of its regional expansion plan to countries in Southeast Asia.

Previously, Go-Jek announced in June that it had started its first wave of expansion by opening branches in Vietnam and Thailand.

The company will begin the beta testing phase of the Vietnamese version of the app called GO-VIET this month, which will involve drivers and consumers, before officially launching it soon afterwards.

Meanwhile, Go-Jek is consulting with Thai stakeholders — which include the government, drivers and consumers — before launching the Thai version of Go-Jek called GET following the launch in Vietnam.

The company will present the ride-hailing and logistic services in Vietnam and Thailand before it starts to open the food delivery and electronic payment services.

Go-Jek founder and CEO Nadiem Makarim said in a statement on its website that the expansion to Vietnam and Thailand would involve local talent to create a business that would understand its customers’ needs as well as make sure that the business is sustainable.

Go-Jek has set aside US$500 million of the funds raised from Astra International, Warburg Pincus, KKR, Meituan-Dianping, Tencent, Google and Temasek, among others after its latest round of fundraising last year.

Comment
Related opportunities
  • Gyms and Fitness Centres
    About Us: UK's leading fitness chain now enters India to provide..
    Locations looking for expansion New Delhi
    Establishment year 2003
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Catering
    About Us: Established in 1989, Lajawab Culinary Art is a premium..
    Locations looking for expansion Delhi
    Establishment year 1989
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 6000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Professional Education Colleges
    About:  Ruskin College of Business studies (RCBS) is one of the..
    Locations looking for expansion Tamil nadu
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 0
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Juices / Smoothies / Dairy parlors
    About Us: Ministry of Thickshakes is posed to be a leading..
    Locations looking for expansion Andhra pradesh
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Shaikpet Andhra pradesh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities