ComfortDelGro, Singapore’s largest taxi operator, has held talks with Go-Jek a couple of potential partnership that would change its annulled settlement with Uber.
Uber struck a major deal when it tied up with Comfort last December, however that fell aside final month when the U.S. firm agreed to sell its Southeast Asia business to Grab and exit the region entirely. Go-Jek is already seeking to step into the void by increasing its Indonesia-based service into Thailand, Vietnam and the Philippines, however now a supply tells TechCrunch that the formidable startup has held early-stage talks with Comfort that would see it enter Singapore as ride-hailing companion for its 15,000 drivers.
Comfort didn’t reply to a request for remark. A Go-Jek spokesperson stated the corporate “can’t comment on rumor and speculation.”
Go-Jek is valued at greater than $4.5 billion and it has raised over $2 billion from buyers that embrace Google, Tencent, JD.com, Allianz and Meituan Dianping. The firm began life as a bike taxi-hailing app, nevertheless it has since expanded into four-wheeled taxis, companies on-demand and funds in Indonesia the place it’s thought of the market chief.
The firm has all the time harbored a want to develop throughout Southeast Asia and, after Uber’s exit, it’s seizing a chance. Moves into Vietnam, Thailand and Philippines — which sources informed TechCrunch are underway with native groups already employed — make sense since these are markets the place Go-Jek can roll out its flagship bike service and probably others, however Singapore is trickier since motorcycle taxis are outlawed.
Go-Jek opened a Singapore workplace for enterprise improvement final yr, and it believes that there’s demand for its companies there. Rather than launching from scratch — which a number of smaller companies together with Ryde and India’s Jugnoo are planning — it’s eying a tie-up with Comfort that will give it entry to its fleet.
There could also be demand driver-side, too. Comfort told its drivers to delete Uber within the wake of the merger take care of Grab, however lots of the fleet are reportedly uneasy about Grab being their solely ride-hailing choice. That’s an angle that Go-Jek may leverage in its talks with Comfort, that are initially exploratory in nature, we perceive.