On-demand services and ride-hailing company Go-Jek will invest about US$500 million to enter into four new markets Singapore, Vietnam, Thailand and the Philippines. The operator expect to realize the plans in the next four months.
It said, the company aiming to replicate its other services offered in Indonesia to its new markets. Currently, one of the country’s unicorn, working with regulators across the region to pave the way for the new operations.
According to the statement GO-JEK connects its users to one million registered drivers on the app who are serving customers in more than 50 cities in Indonesia. The app also connects users to more than 150,000 food vendors, and more than 30,000 other services.
Until February 2018, GO-JEK app has been downloaded by more than 77 million times. GO-JEK now operates in 50 cities in the Indonesia. With a population of more than 250 million, Indonesia is the world’s fourth-most-populous nation and the largest economy in Southeast Asia.
Indonesia is eyeing e-commerce to become a market worth an estimated $130 billion by 2020 from a current $8 billion.