Gojek's GMV Exceeds 175 Trillion Rupiah in 2018

Gojek is said to be the tech startup with the largest transaction in Southeast Asia. During last year, the total GMV has reached US$12.5 billion (around Rp.175 trillion).

In Indonesia, Go-Food's vertical service contributes around US$2.5 billion (around Rp.35 trillion). in addition, Gojek has 2 million driver partners and 400 thousand Go-Food merchants. The app has been downloaded 130 million times throughout Southeast Asia.

It was directly stated by Kevin Aluwi, Gojek's Co-Founder when attending Indonesia PE-VC Summit 2019 as a speaker, yesterday (1/24).

In addition, Aluwi also shared a brief information related to the overseas expansion and its challenges, his opinion on IPO's issues and Gojek's outlook in a year.

He also said the overseas expansion is a new thing and it's normal to adapt a little bit. However, he ensures that the Philippines is a valuable market and they're working hard with various institutions to get the best solution. He expects to arrive in Philippines soon.

Regarding the Ministry of Communication and Information (Kemkominfo) minister, Rudiantara, Offering to facilitate Gojek's plan in Philippines, Aluwi said the team's appreciation. However, the company always strives to partner with the right ones, local and international, for the success of the launch.

"It's very important for me to work in a team and comply with the requirements of local government. Overall, the expansions have gained a positive response beyond our internals' expectations," he said.

International expansions

Gojek transportation services in Vietnam have grown rapidly that gives them enough confidence to launch Go-Food in the region. The achievement is said to mark the second position in the market after 1.5 months of launching.

In Thailand, it might be too soon to define. However, it's having a positive response, even though Gojek hasn't been 100% final.

Singapore is considered as Gojek's most publicized expansion. The team was quite surprised by Singapore's response, both supply and demand. There's a huge desire to have a competitive and fair market.

We've far exceeded this year's target for Singapore. Therefore, we'll re-evaluate our activity due to the surprising response."

He said Gojek transportation service has exceeded 1 million trips post launching for less than two months.

Another thing was added regarding Gojek's plan to enter Malaysia. He said the possibility is in there, but the team is still exploring the vertical service to be offered in the region.

Both Malaysia and Singapore are opposing the two-wheeler transportation service due to unsafe. therefore, Gojek only provides taxi transportation service for Singapore.

In the future outlook, the company is saying to keep digging from last year. Besides international expansion, Gojek several activities have been carried out in 2018. One is to release Go-Pay from the ecosystem and to be utilized by many as a payment method.

On the same occasion, Kevin Aluwi avoids making further statements on the rumor saying Gojek is processing a new funding round of US$2 billion (around Rp.28 trillion). He only mentioned they have some exciting news coming soon.

In terms of IPO, he said similar statement as the previous one Gojek management, that IPO is not the main priority, either internals or investors. He didn't explicitly choose to be registered in the IDX.

"Are we going to do it [IPO] in IDX, I think it's not the time and it's still a hypothesis rather than choosing a strong thesis regarding what to do. In the end, we'll try our best for the shareholders and our customers."

- Original article is in Indonesian, translated by Kristin Siagian