Welcome!
Go-Jek
Startups, Entrepreneurs, Digital economy
Indonesia says Go-Jek, Grab need to register as transport businesses
JAKARTA (April 2): Ride-hailing companies Go-Jek and Grab must register in Indonesia as transport companies within two months to ensure they meet safety requirements as a public transport provider, Indonesia’s transport minister said on Monday.
April 02, 2018
Startups, Entrepreneurs, Digital economy
Grab vanquishes Uber with local strategy, billions from SoftBank
SINGAPORE (Mar 27): As Uber Technologies Inc. looked to conquer ride-sharing around the world, Grab was focused on serving the 620 million people that share its home in Southeast Asia.
March 27, 2018
Google confirms investment in Indonesia's Go-Jek
SINGAPORE (Jan 29): Google has made its first ride-hailing investment in Asia by pumping money into Go-Jek, as the Indonesian start-up and deep-pocketed rivals rapidly expand their app-based services and digital payments in Southeast Asia.
January 29, 2018
Google, Temasek coming in as new investors in Indonesia's Go-Jek
SINGAPORE (Jan 18): Alphabet Inc's Google, Singapore state investor Temasek Holdings and Chinese online platform Meituan-Dianping are investing in a fundraising round of Indonesian ride-hailing startup Go-Jek, sources familiar with the matter said.
January 18, 2018
NSI Ventures targets US$125 million second fund for consumer apps
(Dec 13): NSI Ventures, an early backer of Indonesian ride-hailing giant Go-Jek, is targeting a US$125 million ($169 million) second fund to continue investing in consumer apps as well as startups in health care, financial services and education.
December 13, 2017
Amazon’s primed to rule Singapore: Bloomberg Gadfly
SINGAPORE (Dec 7): Southeast Asia is shaping up to be a fascinating retail battleground, with two distinct approaches vying for dominance.
December 07, 2017
Are ride-sharing companies the new banks?
(Sept 5): In Southeast Asia, mobile banking is taking on a whole new meaning. Last week, Grab, one of the region's top ride-hailing companies, announced that users of its app can start sending credits -- used to pay for rides -- to each other. By the
September 05, 2017
Update
Grab gets US$2 bil from SoftBank, Didi to fight Uber in Asia
(July 24): Grab raised US$2 billion ($2.7 billion) from Didi Chuxing and SoftBank Group Corp. in the largest–ever venture fundraising in Southeast Asia, joining forces with two companies instrumental in driving Uber Technologies Inc. out of China.
July 24, 2017
M&A
Ride-hailing apps drove 2016 private equity value surge in Southeast Asia
SINGAPORE (June 15): The overall value of private equity (PE) deals in Southeast Asia rose by 42% to reach US$7.8 billion ($10.7 billion), driven largely by the technology sector where the region’s two ride-hailing apps, Go-Jek and GrabTaxi, raised a to
June 15, 2017
M&A
PE deals in Southeast Asia hit $2.8 bil in 3Q, thanks to tech
SINGAPORE (Dec 28): The third quarter of 2016 saw a considerable increase in the amount of capital being invested across Southeast Asia by private equity (PE) players, according to EY in its Private Equity briefing: Southeast Asia report.
December 28, 2016