This is the time to jump into the industry with our Gojek clone(multi-service app development) solution to taste the fruits of success.

Develop Alternative app of Gojek, How to Make an App Like Gojek, Gojek alternative app features to consider

Recent advancements of Gojek depicting a huge scope in the multi-service app development

Moka is going to join a very much larger organization. Numerous sources with information on the deal have indicated that Indonesia’s most marketable tech company, Gojek, is acquiring Moka.

Moka POS manufactures mobile point-of-sale (POS) technology for small and medium enterprises in Indonesia. The Moka payment terminals in many boutiques and restaurants can be found around the country.

Moka was founded in the year 2014 as a startup and it is one of the early birds in Indonesia’s fintech market. The company has raised nearly 40 million USD so far from investors. The investors include the productive early-stage investor East Ventures and “unicorn maker” Sequoia Capital.

Moka is indeed partnering with Gojek’s wallet Go-Pay in its payment ecosystem. This also means that Moka’s partners can accept Go-Pay as a form of cashless payment. The company has been an independent platform and also accepts digital payments from many other companies. There are some companies that are rivals of Go-Pay including Ovo (the wallet used by Grab), as well as other mobile wallets like Dana and LinkAja. Moka POS also accepts the credit card-like cashless payments endeavored by Kredivo and Akulaku.

Gojek’s acquisition of Moka would fit the model of how Gojek has carved out its payments abilities in the past. In 2016 it took over MVCommerce, a vital move during which it received the e-money license that established the base for its Go-Pay wallet. In 2017, it took over Midtrans, Kartuku, and Mapan. These are the three well-established payment businesses in Indonesia that each provides a distinct segment.

Moka has close ties with the offline SME merchants which is another piece in the question. Helping improve the use of Go-Pay for buying made offline is just one of the upsides it draws. Moka’s CTO Grady Laksmono in a recent interview declared that the company has 18,000 merchants in 200 cities in Indonesia. And the company has a widespread network. The organization has also evolved past its original function as a mobile POS. The company now also consists of a client relationship management program, human resources management software, and a way to channel loans to merchant partners.

A merger is also possible for some other reasons. Gojek is one of the few local apps that has accomplished the bulk scale. Joining with Gojek could get Moka the advantage of having admittance to tens of millions of users and a comprehensive merchant network that it may not have had exposure to before. Gojek will want to strengthen its position in Indonesia and secure in as many partners as possible. As the biggest rival of Gojek, Grab, later said it would keep on investing and expanding in Indonesia with conceivably billions of dollars in investments.

Finally, getting acquired by a giant corporation is one-way startups can deliver profits to their shareholders. Several startups accord investor DNA. Moka and Gojek, for example, are both parts of Sequoia India’s portfolio. In an evolving market such as Indonesia, where exit breaks through big IPOs could still be years apart, ‘exit to unicorn’ has grown to be a favorite result.

Leave alone the payments companies, Gojek has obtained a merger with several startups. The recent case of such acquisitions being the ticketing platform Loket. These mergers are basically carried out to strengthen its position in multiple verticals.

Indonesia’s most extensive point-of-sale (PoS) provider Moka had acquired an innovative Mumbai-based retail-tech startup GetFocus in the year 2018. With this takeover, Moka wanted to look into combining synergies with the Mumbai-based startup to establish its technology aptitudes and leadership.

It was an interesting fact that Moka’s India Technology Centre was being set up in Bengaluru by Chaturvedi. And apart from Moka, Go-Jek also has its engineering facility in Bengaluru. Go-Jek is planning to launch its bike-taxi service in India in the coming future.

Moka, on another hand, has raised $24M amount from Sequoia Capital India in mid of last month. The total amount raised so far by Moka is a total of $28M in funding over five rounds from investors which include Softbank Ventures Korea, EDBI, a Singapore-based global fund, and Jakarta-based Mandiri Capital Indonesia, a corporate venture firm, among others.

Reflecting on the acquisition, Moka CEO Haryanto Tanjo had declared that Moka has been evolving very fast in the past. He also said about having more than 12,000 merchants who use their services every day. They have understood the need to have very powerful technology and investigation arm in India and taking over GetFocus has definitely helped them to strengthen the technical superiority and influence and deliver the best services for their customers.

Gojek revamps logo, shares insights to a new look and creative challenges

Gojek has revealed a new visual personality, exchanging the Ojek (bike taxis in Bahasa Indonesia) logomark for “Solv”, a nearly-rounded ring enclosing a dot. The rebrand attempts to indicate the company’s growth “from a Jakarta-based ride-hailing service to Southeast Asia’s leading Super App”. Source

Visa and Gojek merger for Financial Inclusion in Southeast Asia

Visa, the world’s commanding digital payments technology business has funded Gojek which is now called Southeast Asia’s leading mobile on-demand service and payments platform. This investment came as part of the latter’s ongoing Series F fundraising round. The two organizations will work collectively to present greater choices on cashless payments. They also want to enable more seamless experiences for customers across Indonesia and Southeast Asia.

Gojek secures investment from SCB in Thailand

Gojek announced an investment from a leading Thai bank, SCB. This is the second investment coming to Gojek as part of its ongoing Series F funding round. According to their agreement, SCB will partner with Gojek’s local branch, GET, to facilitate seamless payment practices and build a more lively ecosystem for the GET users, drivers, merchants, and partners in Thailand.

After reading about these recent achievements of Gojek, you can make out the huge scope of this multi-service development app niche. And why you should develop an app like Gojek. To read more about it you can check out our Gojek Clone app development blog.

or you can directly connect with one of our expert team member.

Also read :

Are you business ready? Know top on-demand business challenges before developing an on-demand app like Gojek?

Note: We do not make clones of any exact application, clone means to us is how better we can execute your app idea with existing app features and experience.

The post Recent advancements of Gojek depicting a huge scope in the multi-service app development + How to Make an App Like Gojek + Create an App like Gojek + Apps Like Gojek + Develop Alternative of Gojek appeared first on Coruscate Solutions.

Story behind Grab

Anthony Tan came up with an idea of creating a taxi-booking app for Southeast Asia similar to the model that existed in the US. He is the youngest of the three brothers of the family that operates Tang Chong Motors and are the authorized distributors of Nissan cars in Malaysia.

He was inspired by Garrett Camp’s ride-sharing concept, Anthony took up the project while he was studying at Harvard Business School. The project, however, seemed difficult to be implemented but won second place at the Business Plan Contest at Harvard Business School. The same app was also selected as the finalist at Harvard’s Minimum Viable Product Funding award.

In 2012, Anthony Tan quit his position as the head of marketing of his family business and launched “My Teksi” app in Malaysia which is called “GrabTaxi” in other countries. Anthony’s classmate, Tan Hooi Ling who was a consultant at Mckinsey & Company drew a business plan for the promotion of the mobile app. My Teksi received an initial grant of $25000 from Harvard Business School and Anthony’s personal capital. He became the CEO of the company and after a lot of failures, he met with a taxi company who had a fleet of only 30 taxis decided to give him a chance.

According to TechCrunch Grab has recently gained the SoftBank Vision Fund. It announced that it has pulled $1.46 billion investment from the super fund. They want to use the money to enhance the super app strategy. The app’s strategy is to become a daily app for every Southeast Asian customer.

The deal has taken Grab’s ongoing Series H round to $4.5 billion. The investors who are included in that round are Toyota, Booking Holdings, Microsoft and Hyundai. This deal denotes that Grab has now raised over $7.5 billion to date. As per the last valuation, Grab was valued at $11 billion. According to the new reports, Grab is now valued at $14 billion.

Grab’s motto is to bring people together. They want to provide more employment opportunities and make travelling comfortable and safer for everyone. They try to solve real-world problems with technology and efficient solutions. They believe the user needs do not stop only at transportation, hence, in order to try and help everyone in every way they came up with the idea of a multi-service app with the aim of moving forward together.

They believe the drivers are partners and hence the drivers have an app called GrabDriver through which they can check and complete their rides.

In 2014, Grab moved its company headquarters from Malaysia to Singapore and later Anthony Tan also acquired Singaporean citizenship. Grab has its services active in Singapore and other Southeast Asian nations Malasia, Indonesia, Philippines, Vietnam, Thailand, Myanmar, and Cambodia.

In November 2014, GrabTaxi launched GrabBike service in Ho Chi Minh city as a trail service. By 2015, GrabBikes have expanded to Vietnam and Indonesia and also provide medical insurance for the passengers and drivers. The company also launched GrabCar+ which provides a fleet of high-end cars in the Philippines.

Grab is supposed to open a  new major development centre and office in Seattle to serve as a tech hub and at the same time attract the talent in the United States.

Services provided by Grab that you can include while developing your Grab clone app.

Grab Rides:

• JustGrab:Car or taxi at an affordable upfront fixed fare.
• GrabCar, GrabCar 6:Everyday private car or luxury ride; ride solo or with a crew up to 3 or 6; book a single ride or rent by the hour
• GrabBike:On-demand bike service
• GrabTaxi:Get a taxi anywhere, anytime at a fixed rate
• GrabShare:Share your ride and save money
• GrabTrike:Three-wheeled transport option
• GrabHitch:Social carpooling
• GrabFamily:Family-friendly ride with a baby seat for your little ones
• GrabAssist:Extra assistance whenever you book a ride for senior citizens or people with disabilities
• GrabCoach:Book a minivan or bus

Food delivery

» GrabFood: Order and get food delivered at your doorstep.

Parcel delivery

» GrabExpress: Courier service with insurance for your items.

Grocery delivery

» GrabFresh: Groceries delivered from store to door within an hour or at a scheduled time.

Cashless payments

» GrabPay: A safe and secure mobile wallet to pay for your rides, food delivery, and at local merchants.

Rewards

» GrabRewards: Earn points to redeem awesome deals.

Grab basically wanted to compete Uber. However, in Southeast Asia, it has the emerging startup Go-Jek as in the neck to neck competition. The news of fundraising of Grab in Series H round comes just after a day of the news came about Go-Jek announced $100 million injections in its ongoing series H fund.

Go-Jek is headquartered in Indonesia but, over the past six months, it is spreading its services to Vietnam, Thailand, and Singapore with the Philippines also in its plans.

With startup companies like Grab and Go-Jek becoming popular among the people of Southeast, you too can definitely jump in and join the competition with all your sharpened weapons as now you are aware of what your competition is providing.

In order to succeed, you need to prove yourself better at all the services that these companies are providing. You need to have a super cool multi-service app like Grab with better features and better services.

Coruscate has a talented research team which keeps a tab on the updates happening in ride-sharing services and multi-service platforms. We can suggest you some unique features which will not just make your business stand out but also gain your more and more customers with thousands of app downloads.

Get in touch with us to discuss the pricing and features further. We can deploy the best technology and development practices for you and make your business rank first across Southeast Asia.

The post Grab App Clone: Provide your customers with multiple services through a single app with a super app strategy like Grab appeared first on Coruscate Solutions.