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.

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The Insider Stories Founder Linda Silaen has a solid, proven history, established over more than a decade as a journalist with a leading internasional news organization, of being the first with the biggest economic news stories in Indonesia. Specializing in corporate news, Linda is also a veteran of some of the biggest macroeconomic and general news stories as Indonesia rapidly transforms into a major market economy. One of the founders of the original blog from which this company developed, Linda’s knowledge of investors’ information communications and data us developed from unrivaled networking skills that make her a well-known name among CEOs, bankers, government officials and private equity investors both in Indonesia and other countries.

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