Go-Jek is Southeast Asia after its Thailand-based unit made its official launch, which included the addition of a new food delivery service.
Get, which is the name for Go- Jek business in Thailand, started out last year offering Bangkok, now the company has added the bikes across the city and added food and delivery options. staffers while CEO Pinya Nittayakasetwat what recruited from chat app Line's food delivery business.
Over the last two months, two million trips in the past two months. There's no word on when to get four-wheeled transport options, however. On the food side, 20,000 merchants are on their platform but there are some issues. Rumming through the app, I found a number of restaurants that did not include menus.
Grab is the dominant player in Thailand, where it offers taxis, private cars, motorbikes, delivery and food across eight markets in Southeast Asia. Go-Jek rose to success in its native Indonesia, where it began offering motorbikes on demand but has expanded to cover taxi, cars, food, general services on-demand and fintech. Its investors include Google, Tencent, Meituan, and Sequoia India.
That's the same playbook Grave is using, but Go-Jek is taking its time with its market expansions. Thailand represents its third new market beyond Indonesia, following launches in Vietnam and Singapore. The Philippines is another market where Go-Jek is in-place and is in a hurry to go there.
Regional expansion does not come cheap the midst of raising $ 2 billion to finance these moves. It recently closed $ 1 billion from existing investors, and said that it could raise as much as $ 3 billion for the entire Series F round. That's likely in response to Grab's own fundraising plans. The Singapore-based company closed $ 2 billion last year, but it's about $ 5 billion with a major injection from SoftBank's Vision Fund.