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Go-Jek claims defeat Grab and Uber in Indonesia

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Tinuku ~ Go-Jek claims to defeat Grab and Uber in ride-sharing Indonesia. Founder and CEO of Go-Jek Nadiem Makarim claimed his ride-sharing service won the competition in Indonesia. The Go-Jek app is actively used by 10 million people every week and the company says it was released by research firm App Annie.

Tinuku Go-Jek claims defeat Grab and Uber in Indonesia

"In the competition, we are clearly number one in the industry. 10 million active users per week. Not per month," Makarim said at a conference held in Hong Kong on Tuesday, June 13, 2017.

Makarim said Go-Jek app has been downloaded 40 million by netizens in Indonesia and the company has 50 percent share of ride-sharing market in Indonesia. Go-Jek's food-delivery online feature called Go-Food also holds 95 percent of market share in Indonesia.

Go-Jek's service is not just ride-sharing in Go-Ride and Go-Car. Other features are Go-Food, Go-Tix, Go-Med, Go-Sent, Go-Mart, Go-Box and Go-Busway. The Go-Life app includes Go-Massage, Go-Clean, Go-Auto and Go-Glam. They also have Go-Pay and Go-Points.

But Go-Jek has never specified the number of active users of each feature provided. They only say 50 percent of users take advantage of Go-Ride services. If counted over 20 million Go-Jek total downloaders are active Go-Ride users, while the rest are spread as other Go-Jek service users.

Meanwhile, according App Annie states Grab application downloaded 42.7 million throughout Southeast Asia as the end of April 2017. Grab said the figure has risen to 45 million downloads as of May 2017.

Grab data is a combination of several Southeast Asian countries. Grab has never specified user number in Indonesia, but says their biggest market share comes from Indonesia. Grab has several ride-sharing services are GrabCar, GrabBike, GrabTaxi dan GrabHitch, as well as GrabExpress and GrabFood.

Uber has also never released specific user data in Southeast Asia and Indonesia. These three ride-sharing services are competing to win 250 million Indonesian consumers.

If Go-Jek focuses on the Indonesian market, Grab has wider coverage in Southeast Asia, while Uber is global. All three are difficult to compare legitimately in terms of market dominance, each of which does not open user data in a transparent detail.

In May, Go-Jek reportedly preparing to receive fresh funds US$1.2 billion from China's Internet giant Tencent. If true, Go-Jek's valuation goes up to US$3 billion. Previously, in August 2016 Go-Jek has received additional US$550 million in funds.

The investment comes from global consortium, including KKR, Warburg Pincus, Farallon Capital and Capital Group Markets. Previous investors were Sequoia India, Northstar Group, Global DST, NSI Ventures, Rakuten Ventures and Formation Group.

Meanwhile, in September 2016 Grab obtained US$750 million from a consortium led by SoftBank Group. Several months ago in March 2017 Grab reportedly received fresh funds US$1.5 billion. Uber which covers the globe is reported to have US$15 billion in equity and funding funds.


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