Homepage / Technology / How this 34-year-old created Indonesia’s first billion-dollar start-up
9 Guidelines On How To Hook-up On College Gameday (At Any College) Leading Live Casino Games Provider Leading Live Casino Games Provider Pin Up Slotlarýyla Eðlence ve Para Kazanma Bir Arada The core concept of digital entertainment hub AbeBet: signature points and groups Live-сессии с дилерами в онлайн-казино azino777 How Online Gambling Enterprises Operate Around the World Meet compatible single mothers and exchange ideas official site Play airplane online Connect with suitable asian singles in your area How-to Date A Pornstar While Making It Operate (The Ultimate Guide) Buy Bitcoin with Credit Card or Debit Card Instantly Buy Bitcoin How to buy BTC Finding trans girls near you – the simplest way to hookup Connect with like-minded singles on a mennonite dating website Assortment of in-demand games respected casino platform abe bet casino in cyberspace Connect with girls from round the world Alexander Gambling establishment: Dйcouvrez une Nouvelle Expйrience de Jeu en Ligne Le meilleur Extra casino en ligne pour jouer BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING The simplest way to get a local hookup what’s millionairess dating? Get prepared to connect to latinas whom share your interests Estonian Chat place – an ideal Place for Dating Estonian Singles Join our bisexual chat room now and commence connecting Discover the advantages of dating a mature mom latina How to discover the best bbw hookup app for you Title: Juega en 1Win Casino Argentina Bonos y Apuestas 5 Best BBW Lesbian Dating Apps/Sites In 2022 Online Gambling Review submissions dia govt.nz Разыгрываемые джекпоты в виртуальном клубе Вулкан казино 30 Of The Greatest Adult Sex Toys For Males | Men’s Room Health Mag Australian Continent Cazino 7 slots cyberspace: conditions and rules for betting with real cash 1Win: ¡el mejor lugar de casino y apuestas deportivas de Argentina! ????Mature Dating Evaluation 2023 – Whatever You Need To Know About It! ???? Take the first step towards fulfilling your ebony lesbian bbw match now Ideas on how to come-out: Tips to keep in mind > Taimi Meet your perfect match – granny hookup site Türkiye-Çin İşbirliği Derinleşiyor GuGi Mobil Yükleme Seçenekleri Hizmet İçi Eğitim Sona Erdi Dooball tv ดูบอล ออนไลน์ สด 66 ลิงค์ บนมือถือ ฟรี ภาพชัด HD ทั่วโลก Find your rich cougar date in the most useful dating site Find your dream fat girl hookup today Slot Thailand Daftar Link Situs Slot Gacor Maxwin x500 Terbaru Hari Ini Resmi Auto Jackpot! Konsultasi ke Dewan Pers, Komisi I DPRD Jambi Pertanyakan Indeks Kemerdekaan Pers Jambi yang Turun Akses News Cerita Korban Judol di Balikpapan yang Nekat Gelapkan Uang How to get local horney women in your area 3 Cara Hapus Akun Judi Online Slot : Okezone Economy SITUS TOTO > Sering Kalah Main Di Situs Slot Gacor Terbaru Mudah Maxwin Situs Slot Gacor Maxwin Main Tanpa Pola Modal 5ribu Terbaik Melhores cassinos online de Novembro 2024: Confira o top 10! Enjoy amazing gay sex experiences using the top sites on the web Make the absolute most of one’s big butt dating adventure here 9 circumstances this means when a person avoids eye contact with a lady – Hack Spirit Top Greatest M4M Personals Sites in 2022 ◉ BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING Лотерейные розыгрыши в kasino on-line Лев казино: условия осуществления и доступа Main features of playing in machines at online-club Karavan Connect with like-minded females making new friends Comment accéder à des jeux gratuits avec Space fortuna bonus ? PUCUK4D⭐ Bandar Toto Togel Online & Situs Toto 4d Terpercaya #1 Betting site Karavan bet Gates of Olympus internet-based: benefits of playing for real money Discover an environment of opportunities with lesbian and bisexual dating Aprovecha Los Códigos Promocionales De Bbrbet ¡más Bonos, Más Juegos 1xbet Giriş Yeni Adresi 2024 ⭐️ 1xbahis Güncel Adres » 1x Guess Mobil Casino How to get started with sext room BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING La Application De Bbrbet: Juegos Y Apuestas Approach Alcance De Tu Man Start your love story now – join our talk to gay strangers source today BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING Find regional bbw hookups inside area BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING No Download Casinos: The Ultimate Guide to Instant Play Video Gaming The Carnivore Diet Plan: A Comprehensive Guide to a Questionable Eating Plan What is CBD Lotion Used For? What are Free Penny Slot Machines? What Do Water Tablets Do: A Comprehensive Overview Online Casinos PayPal: Just How to Wager Safely and Firmly Imiquimod Lotion: Uses, Benefits, and Considerations Free Casino Site Games: The Ultimate Overview to Appreciating Safe Gaming What is Cold Cream as well as Just How is it Utilized? Lotion of Coconut: A Versatile Component for Delicious Desserts and Cocktails The Very Best Online Gambling Establishments: An Overview to the Top Ranked Online Casino Sites Dealing With Swollen Lymph Nodes in the Groin: A Comprehensive Guide Online Casinos that Approve Mastercard: The Ultimate Overview Rhinocerous Tablets: What Are They Used For? Online Blackjack Real Cash PayPal: The Ultimate Overview

Technology

How this 34-year-old created Indonesia’s first billion-dollar start-up

When Nadiem Makarim launched Indonesian ride-hailing service Go-Jek back in 2010, he couldn’t have anticipated its runaway success.

For him, it was simply a way of improving his country’s flailing motorcycle taxi industry. But, within six short years, Makarim had gone down in the history books as the founder of Indonesia’s first unicorn — a start-up valued at $1 billion or more — and, today, at the age of just 34, he is the CEO of a company with an estimated value closer to $5 billion.

It all started, as many start-ups do, at Harvard. Having grown up in Indonesia, Makarim had seen first-hand how important motorcycle taxis, known locally as ojeks, were to the country’s economy. And yet, the market was hampered with inefficiencies in pricing and reliability.

So, while studying for his MBA, Makarim decided to do something about it, teaming up with co-founders Kevin Aluwi and Michaelangelo Moran.

“I think lot of people did not believe back then that ojeks could be professional and could be trusted,” Makarim told CNBC’s “Managing Asia.”

“That was very frustrating for me because I got to know many of them personally,” explained Makarim, saying that, while working in Indonesia, he would regularly hire them to make deliveries and collect food for him. “By getting to know them I quickly realized that this informal sector is incredibly valuable.”

What started out as a simple call-center business matching an initial 20 drivers with passengers quickly evolved into a multi-service app boasting a workforce of more than a million people.

While much of that success is down to “good timing,” according to Makarim — Go-Jek, like others, has ridden the wave of the growing sharing economy — he also credits what he described as the company’s “counter-intuitive” business approach.

“When we began, everyone told us that you have to be only good at one thing, because if you’re not super good then no one will use your product or other people will come and circumvent you with better technology, more money etc.” Makarim recalled.

Contrary to conventional advice, Go-Jek decided to move quickly from pure ride-hailing to food delivery, on-call beauty services, entertainment booking and even e-payments, with the aim of becoming a full-service “platform that fixes things.” That was something Makarim felt was especially needed in Asia, where mobile adoption is growing and consumers have shown a preference for “one-stop shop” platforms.

“I think the mindset that we had in the beginning is that a customer is not a ride-hailing customer, a customer is not a food delivery customer, a customer is not an e-payment or an e-wallet customer, a customer is just a customer,” Makarim told CNBC’s Christine Tan.

“He or she is a human being with day-to-day problems, and we built a product around the frictions that an average person experiences in their day to day life.”

It’s a strategy Makarim hopes will continue to pay off as Go-Jek expands across Southeast Asian in its efforts to compete with — and surpass — its closest competitors in the ride-hailing space.

Currently, Go-Jek is only active in Indonesia but, from next month, it will launch in Vietnam and Thailand. The company is also expected to soon enter Singapore to fill the void left by Uber, which saw its regional operations bought out in May.

The move would pit Go-Jek against Grab, the Singaporean ride sharing company set up by Makarim’s former Harvard buddy Anthony Tan.

While their competing businesses mean the two entrepreneurs “talk less nowadays,” according to Makarim, he said the pressure has also helped drive him forward.

“It’s tough when you’re in the moment, when you’re in the battles, when you’re in the trenches and there’s a lot of tussling and a lot of bad blood and everything,” he said.

“But when you take a step above and you realize that, actually, competition is a necessary requirement to scale, then it changes.”

“You see in a weird way your enemy as kind of a supporting figure in actually fighting against the real enemy, which is the old way of doing things. That’s actually the real competition we have.”

Makarim added that he hopes Go-Jek, in turn, will motivate other entrepreneurs, both in Indonesia and the wider region, and act as a kind of “blueprint” for how technology can disrupt the status quo and improve lives.

“We’re barely scraping the surface of how big these markets can become in the region,” he noted.

“I hope that Go-Jek will be talked about 10 years from now — 20 years from now — as the company that proved technology is actually the key enabler in unleashing an economy, in making it leapfrog into the next stage of societal evolution.”

Like this story? Like CNBC Make It on Facebook!

Don’t miss:

This is the lie we tell ourselves about leadership, says CEO with a million-person workforce

This guy will help get you into Harvard Business School — if you donate to charity

27-year-old who launched a 7-figure business in 18 months tells all

Source: Tech CNBC
How this 34-year-old created Indonesia’s first billion-dollar start-up

Comments are closed.