Go-Jek stated its overseas companies will initially give attention to ride-hailing however ultimately develop to different providers comparable to meals supply.
"Consumers are happiest when they have choice and at the moment, people in Vietnam, Thailand, Singapore and the Philippines don't feel that they're getting enough", Go-Jek Chief Executive Officer Nadiem Makarim said in the statement.
Currently, Go-Jek is working with regulators and other stakeholders across the region to pave way for the new operations.
Go-Jek, whose backers include Warburg Pincus and KKR & Co., has evolved from an app to book motorbike taxis to a way to pay bills, order food or buy movie tickets in Southeast Asia's largest economy. It said each of the overseas businesses will have local founders and develop their own brands "to ensure good traction in each new market".
The global expansion follows many months of detailed planning and market research following GO-JEK's latest fundraising round, which brought investment from Astra worldwide, Google, JD.COM, Meituan, Tencent and Temasek among others, as the company aims to expand its presence in Southeast Asia. 56% of Indonesian picked Go-Jek as their most often used ride-hailing app, while 33% preferred Grab.
Gas Prices Hit $3 For Memorial Day Weekend
However, plenty of sunshine remains in the forecast for Sunday afternoon and Monday, according to NWS. Travelers can also dial 511 and select a route to hear real-time conditions on I-90 and other roads.
Dennis wins Giro's 16th stage time-trial, Yates holds lead
The four-time Tour de France champion is 3min 50sec behind Yates but only 39 seconds behind Pozzovivo and a spot on the podium. I thought I would lose a lot more. "I really gave everything there".
Saudi Arabia Reportedly Frees Leading Women's Rights Activist
In recent weeks, activists say dozens of women's rights campaigners have also been banned from traveling overseas . Seven of these activists are believed to be women, whereas three are men.
Go-Jek will seek out local partners in the geographies it plans to foray in to ensure the new operations benefit from as much deep and varied market knowledge as possible.
According to CNBC, Go-Jek bought three financial technology, or fintech, companies past year to boost its presence in Indonesia's digital payments sector.
Go-Jek raised about US$1.5 billion in a fund-raising round in February, higher than its initial target of US$1.2 billion.
As for Grab, it's bringing its e-wallet GrabPay to Malaysia through a tie-up with Maybank with the launch of its payment service in coming weeks. Other investors who participated in the round included Temasek, Tencent, Meituan, JD.COM and Astra International.
Meanwhile, Grab was said to be raising soon.