With Uber leaving a big gap in Southeast Asia due to their recent exit and merger with Grab, a number of different ride-hailing companies quickly flocked to try and fill the void. One such company is Indonesian-based Go-Jek.
The billion-dollar startup is said to be investing $500 million in order to expand into four Southeast Asian countries, namely Vietnam, Thailand, Singapore, and the Philippines. Go-Jek offers a wide variety of services apart from ride-hailing. This includes house-cleaning, grocery shopping, food delivery, and even massages.
The company will first integrate their ride-hailing system though, before pushing in the remainder of their other services. The startup actually has big-name investors including Google, Temasek, and Tencent. We’ll keep our eyes peeled in the coming weeks for updates on their entry. Of course, Go-Jek would have to come to terms with the LTFRB before they’ll even be given a chance to operate in the country.
source: Inquirer.net
YugaTech.com is the largest and longest-running technology site in the Philippines. Originally established in October 2002, the site was transformed into a full-fledged technology platform in 2005.
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