Indonesian ride-hailing tech company Go-Jek is planning on expanding into Singapore, the Philippines, Thailand and Vietnam.
Go-Jek will offer its Go-Car service in Singapore, an anonymous source said.
This filling of a void comes after Grab acquired Uber's Southeast Asia business operations. Uber will cease to exist in Singapore by April 8, leaving Grab the dominant sole player left.
Rival to Grab
Go-Jek is founded by Singapore-born Indonesian Nadiem Makarim.
It began in 2011 by offering rides on motorcycle taxis, known in Indonesia as ojek.
Go-Jek expanded into food delivery, house cleaning and massage services, and began car rides in 2016.
These other services yield a much higher margin than ride-hailing. Its mobile payment business, Go-Pay, is growing rapidly as it is complementary with all the other Go-Jek offerings.
The Indonesian firm raised US$1.2 billion in May 2017 during that round of funding led by Tencent, the Chinese Internet giant behind WeChat.
It was valued at US$3 billion at that time.
Barely a year on, Go-Jek is valued at around US$5 billion (S$6.6 billion) today.
Grab, founded by Malaysians Anthony Tan and Tan Hooi Ling, is valued at around US$6 billion.
No Go-Jek motorcycles in Singapore
Go-Jek has had a data science office in Singapore's Central Business District since January 2017.
It has about two dozen employees, mostly data scientists.
However, the Go-Jek motorcycle transport services will not be coming to Singapore.
The Land Transport Authority (LTA) told The Straits Times previously in June 2017: "Motorcycles are not allowed to be used for point-to-point transport services, unlike taxis and private hire cars."
What to expect of Grab:
An old-school job in Singapore you had no idea existed:
?♂️ An audiovisual archivist at National Archives of Singapore doesn't stare at the TV all day