Indonesia-based Go-Jek wants a share of Philippine ridesharing market — report

MANILA, Philippines — Indonesia-based ridesharing company Go-Jek reportedly wants a bite of the Philippines’ transport network vehicle service market, as Uber departs from Southeast Asia.

According to a report by Reuters dated April 20, representatives from Go-Jek have sought a meeting with the Land Transportation Franchising and Regulatory Board, or LTFRB, next week.

Established in 2010, Go-Jek provides a wide-range of services including transportation, logistics, mobile payments and food delivery, among others. The company’s investors include BlackRock and Google.

News about Go-Jek’s plan to expand its business here came just days after the Uber mobile application went offline as part of its exit from the region. Last month, Singapore-based ride-hailing firm Grab announced it bought Uber’s ridesharing and food delivery business in Southeast Asia.

Under the agreement, Uber, which invested $700 million in Southeast Asia, will get a 27.5-percent stake in the combined company and Uber CEO Khosrowshahi will join Grab's board.

The Philippine Competition Commission, which launched a review of the tie-up, estimates that Uber’s withdrawal will give Grab 93.22 percent shares of the Philippines’ ride-hailing market.

Meanwhile, the LTFRB had approved the accreditation of ridesharing companies GoLag Inc., Hirna Mobility Solutions Inc. and Hype Transport Systems Inc.