JAKARTA, June 25 (JDN.id) – Go-Jek has established the locally incorporated arms in Vietnam and Thailand, as part of its $500 million international expansion moves, the Indonesian ride hailing app operator said in a statement on Monday.
click The Jakarta-based startup said both companies will be managed by its team, which collaborates with local partners.
“Our strategy is to combine the world-class technology developed by GO-JEK, with the in-depth market knowledge and expertise of the local teams, to create local businesses that really understand consumers,” GO-JEK CEO and Founder Nadiem Makarim, said on Monday’s statement.
“We believe that these in-country teams have the knowledge and experience to make the businesses in Vietnam and Thailand a huge success. They may be using different brands, but they will be operating under the same values system that has made GO-JEK the market leader in Indonesia. It’s not just about growth, it’s about finding ways to have a positive impact on as many people as possible.”
Go-Jek flies Go-Viet ride hailing application in the Vietnam market, which will enter the beta testing phase in July involving drivers and passengers. This is a preparation before a full launch in the coming months.
“GO-JEK is a pioneering technology company with an extensive ecosystem of 18 diverse services, backed by a strong group of strategic investors,” Nguyen Vu Duc Chief Executive Officer and Co-Founder of GO-VIET said in the same statement.
see “The company’s support is ideal, not just because of its tech and operational know- how, but also because we share the same core values – the desire to make a positive impact on communities by improving living standards and income for families as well as bringing benefits for small- medium and micro businesses.”
Meanwhile, for Thailand markets, it introduced GET. Go-Jek does not state deadline for its commercial operations, but said it is currently working with various stakeholders, including the local government, driver partners and consumers to review its service.
enter “GO-JEK became the first homegrown unicorn in Indonesia because it believed technology could provide a solution to some of the country’s most challenging problems. The GET team is inspired by the way the company turned the pains of everyday commuters into a business opportunity that improved life for millions of people,” Pinya Nittayakasetwat, GET Chief Executive Officer and Co-Founder said in the statement.
click here “We are driven by the same philosophy and we share the same passion to make a positive impact on Thai society.”
Go-Jek said both of its local arms will offer ride-hailing and logistics services, before it can cater food delivery and electronic wallet services.
The Indonesian company said this international expansion move took place after months of planning and after the latest investment funding rounds from prestigious investors like Astra International, Warburg Pincus, KKR, Meituan, Tencent, Google, Temasek, and other investors.
On May 24, Go-Jek confirmed it is investing as much as $500 million in its international expansion strategy. The startup said it was eyeing Vietnam, Thailand, Singapore and the Philippines.
Monday’s announcement left two more countries Singapore and the Philippine as new market targets.