JAKARTA (TheInsiderStories) – Indonesia’s ride-sharing operator Go-Jek is planning to launch its bike-taxi service in India in the second half of 2018, people aware of the development said.
ET reported, the company is evaluating some southern cities and the Gurugram-NCR region and it may launch a pilot in one of these cities at the end of the year.
“The understanding is that a portion of the company’s most recent fundraise, which is pegged at approximately $1.2 billion, will be allocated towards expansion plans into developing markets like India,” one of the people cited above told ET.
The fundraise this person was referring to was a follow-on round from 2017, which saw Google and Temasek Holdings as some of the participating investors.
Its competitor Uber and Ola launched their bike taxi services—UberMOTO and OlaBikes—in March 2016 after facing regulatory challenges. The two are now operational in over 10 cities.