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Jakarta Post

Grab to lock horns with two unicorns in 2019

  • News Desk

    The Jakarta Post

Jakarta   /   Wed, December 12, 2018   /   08:10 am
Grab to lock horns with two unicorns in 2019 Grab's logo seen at its office (The Straits Times/Lim Yaohui)

App-based ride-hailing company Grab announced an expansion plan on Tuesday to capture millions of smartphone users by offering food delivery and travel services that will take Go-Food and Traveloka head-on.

“In 2019, our focus is Indonesia,” said Grab cofounder Tan Hooi Ling.

She explained that the plan included introducing Booking.com for flight ticket and accommodation booking services and China’s Ping-An Good Doctor to deliver medicine and the booking of consultations.

Grab Indonesia managing director Ridzki Kramadibrata said the next step was to diversify the company’s services by catering to the daily needs -- commuting, ordering food, shopping and sending packages -- of the average urban-dwelling Indonesian.

Rizki added that it acknowledged it was late in entering the food delivery business, but it was on purpose because the company wanted to build an expansive transport network before diversifying services.

He added the new programs were expected to double Grab’s overall revenue to US$2 billion next year.

Grab claims that it currently holds a 60 percent market share of two-wheel rider and 70 percent of four-wheel riders in Indonesia. (nor/bbn)