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Get gears up for ride hailing
Corporate June 26, 2018 01:00
By THE NATION
GET plans to launch in Bangkok in the coming months to provide app-based on-demand services, with an initial focus on ride hailing before expanding into a broader range of services, the company’s chief executive officer and co-founder Pinya Nittayakasetwat said yesterday.
The launch of Get is part of Go-Jek’s international expansion plan. The brand was developed in Thailand and benefits from a Thai founding management team with extensive experience in the tech industry and in-depth knowledge of Thai consumers, drivers and other stakeholders. It aims to become an indispensable part of life in Thailand, making life easier for consumers, while also providing partner drivers and local entrepreneurs with access to additional income sources.
The company said the arrival of Get on the streets of Bangkok will see Go-Jek’s technology come to Thailand. The move follows the announcement last month of Go-Jek’s US$500 plan to launch in Vietnam, Thailand, Singapore and the Philippines. The announcement followed the company’s latest fundraising round, which saw backing from Google, Warburg Pincus, KKR, Tencent and Meituan-Dianping among others.
Pinya said that Go-Jek became the first homegrown unicorn in Indonesia because it believed technology could provide a solution to some of the country’s most challenging problems.
“The Get team is inspired by the way the company turned the pains of everyday commuters into a business opportunity that improved life for millions of people. We are driven by the same philosophy and we share the same passion to make a positive impact on Thai society,” Pinya said.
“We are Thais, born and raised in Thailand, so we have a deep understanding of Thai consumer needs, and having worked in the tech industry for a number of years, we have seen firsthand the positive impact technology can bring to everyone, whether consumers, drivers or SME owners.
“With Go-Jek’s support in technology and know-how, we are confident we can scale up quickly and become Thailand’s preferred choice.”
Go-Jek is the largest on-demand multi-service platform in Indonesia, which has improved the livelihoods of more than one million drivers and over 150,000 merchants.
Nadiem Makarim, Go-Jek chief executive officer and founder, said that its business model has proven to be a great success in Indonesia “because we’ve focused on how we can improve life for consumers and drivers” there. “We are certain that other countries including Thailand can benefit in a similar way,” Makarim said.
The company said that as a Thai application that “benefits from world-class technology”, Get is striving to become an essential part of life in Thailand.
The company is currently engaging with multiple stakeholder groups including government, drivers and consumers as it aims to launch its product offering in the next few months.
“Get is an on-demand application, driven by a Thai founding team, with Go-Jek providing world-class technology, knowledge and expertise as well as investment,” Pinya said
“Get will provide a range of services for Thais, including transportation, logistics, food delivery and payments. Get was founded with the goal of using technology to improve life for Thais, providing them with access to products and services, helping to create more value for society, promoting efficiency and productivity and improving financial inclusion.”