Saturday, 6 August 2016
Indonesia’s Go-Jek has secured a hefty second round of funding, and the startup could be expanding into other South-East Asian countries, while Grab of neighbouring Singapore is preparing for increased competition from Uber.
The two-wheeled ride-hailing company will “potentially” expand into other South-East Asian territories as a result of its US$550mil (RM2.21bil) injection, TechCrunch reported.
Go-Jek also provides car-based transportation as well as food, shopping, and parcel delivery among its services.
Earlier in the week, Uber made peace with Didi Chuxing in China, but the Californian transportation company is now thought to be focusing on South-East Asia.
Meanwhile, Singaporean firm Grab is looking for US$1bil (RM4.03bil) from investors, reports Business Insider, including from Didi, with CEO Anthony Tan having said that he expects Uber “to turn more attention and divert resources to our region.”
“But we have seen that when the local champion stays true to their beliefs and strengths, they can prevail.” — AFP Relaxnews
Source by: The Star Online