12.10.2020, 17:35

Gojek’s big bet on warungs, explained

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Hello readers,

Tardiness is a huge no-no especially when it comes to ride-hailing services or food delivery. But here’s the one time when being fashionably late is okay: Gojek launching its new service for
in Indonesia.

The Indonesian tech giant might be late compared to its fellow unicorns Bukalapak and Tokopedia and its archrival Grab — all of which have already been in the
space for some time now — but Gojek’s timing could be a blessing in disguise.

Today we look at:

game plan
to modernize
Bukalapak founder making a bet on edtech
Other newsy highlights such as TikTok getting banned in Pakistan and the Chinese app that briefly breached the Great Firewall.

How Gojek wants to win the hearts of mom-and-pop stores

Gojek’s big bet on warungs, explained

market is a hot, hot space in Indonesia: There are more than 3 million mom-and-pop shops in the country, with 2.5 million of them still underserved. Big players have already jumped in and Gojek is the newest player to
join the gold rush
with its GoToko service.

Learn from the old: Gojek had the chance to learn from the mistakes of others – which could be why GoToko was launched in partnership with fast-moving consumer goods (FMCG) giant Unilever. Such partnerships are important in this space, as Mitra Bukalapak had
the hard way.
All the ins and outs : Gojek is also seasoned in same-day delivery, and for
owners, receiving their inventory on time is crucial to business. Furthermore, GoToko offers both two-wheeled and four-wheeled vehicles that can handle the scale of the deliveries.
It has a huge backing : And let’s not forget about a particular Gojek investor: Facebook. The American tech giant is also a strategic partner of Jio Platforms and has deployed WhatsApp to help the Indian company bring
stores online. Could we expect such a partnership with Gojek next?

Dive deeper:
Gojek’s game plan to modernize

Bukalapak founder makes a bet on edtech

US$1248 billion – that’s how much the learning management system (LMS) industry will grow from 2020 through 2024. Sitting right in the middle of that space is Indonesian edtech startup Codemi and it has raised an undisclosed
amount of seed funding
from Init 6 a fund led by Bukalapak founder and former head chief Achmad Zaky, to grow it.

What is it? Codemi is a cloud-based learning management platform that trains level 1 employees to reach level 100. It helps employees upskill themselves through programs and resources including online testing and training, learning rewards, and a learner dashboard.
Achievements: The company currently has 55000 users from 12 different companies, including Frisian Flag, Manulife, Ranch Market, and OK Bank.
Future plans: With the new capital, Codemi plans to develop more learning products for its users, build a stronger security infrastructure, and provide their users with a better learning experience.

Quick bytes

1️⃣ Another blow to TikTok

The popular Chinese short-video app has been
in yet another country: Pakistan. The country’s Pakistan Telecommunication Authority said it has received numerous complaints against “immoral and indecent” videos that have been uploaded on the app.

2️⃣ A brief opening at the “Great Firewall”?

Last week, an app was
on China’s Android stores that allowed Chinese users to watch content on Western social media sites without using a VPN. Downloaded five million times, Tuber is the first product launched by a major Chinese tech firm to help internet users bypass the country’s Great Firewall. However, it reportedly stopped functioning on Saturday and even appears to have been
from the Huawei app store.

3️⃣ Pooling money for Ant’s IPO

Five newly launched Chinese funds have
raised US$893 billion
with an aim to buy IPO shares from Ant Group’s upcoming mega stock listing. More than 10 million retail investors have joined in, with the funds reportedly selling out within days of the launch.

4️⃣ The next Chinese firm to go public

Chinese ride-hailing company Dida Chuxing (not to be confused with Didi Chuxing)
has filed
for an initial public offering on the Hong Kong Stock Exchange. The report cited that Dida captured 66.5% of China’s carpooling market in 2019 and was profitable that year. Similarly, its Softbank-backed rival Didi Chuxing is also said to be preparing for its IPO in Hong Kong.

5️⃣ Early PropertyGuru backers cut stakes

Indonesia’s media conglomerate Emtek Group
has ceased
being an investor in the Singapore-based proptech startup. Some of PropertyGuru’s previous investors, such as Kreatif Media Karya (KMK), Square Peg Capital, Vulpes Testudo Fund, and individual backers, have also divested their stakes.

6️⃣ Flipkart’s Myntra gets money for its sale day

The Indian fashion retailer has received
US$103 million
from its Singapore-based parent entity FK Myntra Holdings ahead of its seven-day-long festive sale that begins on October 16. FK Myntra Holdings and Singapore-based QuickRoutes International bought over 1 million shares and 97058 shares in the company respectively.

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