On-demand Services

The investment indicates investors are picking up confidence in the ride-hailing sector again after a two-year winter.

The initial alliance with Sun Art dates back to 2017, after which Alibaba integrated its online grocery ordering platform Taoxianda with Sun Art’s stores, offering home-delivery services.

The two Southeast Asian super apps are reportedly engaged in regular calls to discuss a possible combination of their businesses.

From Gojek to Tokopedia, Indonesia is home to some of the biggest players in Southeast Asia’s tech scene.

Founded just a few months ago by Careem and McKinsey alumni, Retailo wants to empower over 10 million SMEs in the retail sector of the Middle East, North Africa, and Pakistan.

Established in 2013, Lalamove says it is currently operating in 22 markets across Asia, North America, and Latin America, connecting more than 7 million customers with over 700,000 delivery partners.

So far, the government has issued 1.04 million license plates for ride-hailing vehicles and 2.5 million ride-hailing driver licenses.

The app allows individuals and companies to hire people for short gigs—everything from food delivery to event support.