Indonesia's First Billion-Dollar Startup Looks to Expand Abroad
- Jakarta-based startup mulling 3 to 4 Southeast Asian countries
- CEO says Go-Jek’s looking at countries with large populations
Go-Jek motorcycle drivers and bajaj drivers wait for fares in Jakarta, Indonesia, on Sunday, Aug. 13, 2017. President Joko Widodo is seeking hundreds of billions of dollars to finance an ambitious infrastructure agenda and to boost growth to 7 percent.
Photographer: Dimas Ardian/BloombergGo-Jek, Indonesia’s first billion-dollar startup, is looking to expand its ride-hailing services to three to four countries in Southeast Asia, escalating its rivalry with Grab and Uber Technologies Inc.
Co-founder and Chief Executive Officer Nadiem Makarim didn’t specify the countries or services that Go-Jek will target, but said in an interview they will be places with a large population and where cash rules, hinting that Go-Jek’s digital payment service will be a key part of its push into new markets.