(07 July 2021)
airasia Digital has unveiled plans to acquire Gojek’s
operations in Thailand in a stock swap.

Gojek is one of Southeast Asia’s leading mobile
on-demand services and payments platform.

The deal is expected to rev up expansion of the
airasia Super App in ASEAN, while enabling Gojek to increase
investments in its Vietnam and Singapore operations. In return, Gojek will receive
a 4.76% shareholding in the
airasia Super App.

As part of its commitment to Thailand, the airasia
Super App will leverage the existing ecosystem
services for riders, merchants and customers while adding new
offerings, such as groceries and beauty items. It is also expected
to expand into new markets like Chiang Mai and Phuket in
the near future.

airasia Digital has unveiled plans to acquire Gojek’s operations in Thailand in a stock swap. Click to enlarge.

The Gojek app will continue to operate for
existing users in Bangkok through to 31 July 2021 to ensure
stability for Gojek drivers and merchants – who will be invited to
onboard the airasia Super App in coming weeks.

airasia will work with the existing Gojek team in
Thailand, who will operate the Gojek business during the
transition period before moving over to the airasia super app.

At the same time, in a realignment of its
international strategy, Gojek is increasing investment in its
Vietnam and Singapore operations, having identified these markets
as strong sources of growth for the business going forward. This
includes increased driver and merchant acquisition initiatives,
enhancements to user experience as well as launching new products
and services.

Gojek CEO Kevin Aluwi, said, “This deal is a
testament to the accomplishments of our team in Thailand, who grew
the business from nothing to an on-demand service provider that
has made a difference to hundreds of thousands of people
throughout the country. The business was built on a huge amount of
talent and passion and we will of course, work closely with our
Thai employees as well as airasia through this transition. We are
proud of and deeply grateful for everything Gojek Thailand has
achieved, as well as for our loyal Thai consumers and driver and
merchant partners, who have always been at the heart of what we
do.”

The airasia Digital group consists
of three companies, namely the airasia Super App which
provides a lifestyle platform for travel, e-commerce, financial
services, farm to table, health and edutech products and services.
The logistics venture Teleport, and airasia’s BigPay fintech business
which is now on track to become
the region’s first virtual bank.

Tony Fernandes, airasia Group CEO, the deal is “the start of a tremendous long term strategic
partnership with Gojek which is sure to rock the industry. By taking on Gojek’s well-established Thai
business, we’ll be able to turbo charge our ambitions in this
space to become a leading ASEAN challenger super app. We already have a complete digital economy
ecosystem. We have successfully established over 15 different non
airline products and lifestyle services on our digital e-commerce
platform in Malaysia. Now it’s time to take it to the next level.
In response to overwhelming regional demand, we are setting our
sights on bringing our Super App offerings to all of our key
markets, following the successful roll out in Thailand. All of our digital businesses are going from
strength to strength and through this alliance, our goal of
becoming the ASEAN Super App of choice is fast becoming a
reality.”

See latest

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Video
Interviews,
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and other
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airasia,

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