Ride hailing apps

M&A

Ride-hailing giant Gojek raises US$1.2 bil for clash with Grab

Gojek and Grab are competing well beyond ride-hailing in Southeast Asia, including in meal deliveries. Both aim to become consumers’ default, all-purpose app.

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
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