Home News Indonesia’s GO-JEK Partnering with DBS to Enter Singapore’s Market

Indonesia’s GO-JEK Partnering with DBS to Enter Singapore’s Market

Indonesia-based multi platform GOJEK announced an unspecified investment from Japan' Mitsubishi Motors Corporation, Mitsubishi Corporation, and Mitsubishi UFJ Lease & Finance as part of its ongoing Series F funding round - Photo by GOJEK
JAKARTA (TheInsiderStories)GO-JEK, an Indonesian ride-hailing provider joined forced with DBS Bank to enter Singapore’ market. The two companies will work together on payment services at the country and soon extend to other countries in the Southeast Asia region.
Based on DBS Bank statement released on Tuesday (13/11), Go-Jek is set to launch its beta ride-hailing app in Singapore within the coming weeks. And as part of this, DBS customers in Singapore will enjoy a slew of exciting privileges.

GO-JEK, enter South Asian market since August 1 by launched Go-VIET in Vietnam and aiming to operate GET in Thailand, as the first wave of its international expansion. The unicorn also aims expand Philippines before the end of 2018.

Go-VIET has live in the Apple Apps Store and Google Play and covers an initial 12 districts in Ho Chi Minh City with a motorbike on-demand service. It said, the startup will be run by local founding management teams, with GO-JEK providing knowledge and expertise as well as technology and investment.

While, GET, the brand being introduced in Thailand, will launch soon afterwards following consultation with local stakeholders including government, drivers and consumers. Both companies will initially launch ride-hailing and on-demand logistics services before moving on to food delivery and payments.

GO-JEK president, Andre Soelistyo, says, “We are very much looking forward to the launch of our beta ride-hailing service within the coming weeks. The response from the driver community since we opened pre-registration has been overwhelming and we are confident that by working with DBS, we will see the same level of excitement from consumers too.”

Locally, GO-JEK has added 11 coverage cities in Indonesia such as Lampung, Riau Islands, Aceh, Bali, West Java, North Sulawesi, Gorontalo, Bangka Belitung, and Central Sulawesi.

At present, the operator has partnered with more than one million driver partners and 150 thousand GO-FOOD. The company claims, as many as 80 percent of GO-FOOD partners are culinary entrepreneurs in Micro, Small and Medium Enterprises.

To finance the expansion, GO-JEK has raised fund from several investors such as global company Google and local investor PT Astra International Tbk (IDX: ASII) with worth US$1 billion.
Written by Staff Editor, Email: theinsiderstories@gmail.com

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