Grab and Lippo Group form strategic partnership in Indonesia

Singapore-based Grab, Southeast Asia’s ride-hailing app and Indonesian conglomerate Lippo Group forms a strategic partnership in Indonesia.The partnership covers Lippo Group’s online businesses, along with its e-commerce site MatahariMall. Grab will offer its transport and deliveries expertise to enhance MatahariMall’s online-to-offline experience.Grab's business has exceeded 50% of the private car market share in Indonesia by end 2015 and continues to demonstrate strong growth, the company says.Lippo Group is a pan-Asian investment holding company with investments in real estate, departmental stores, retailing, financial services, telecommunications, hospitality, healthcare, news media, and IT services and it manages 52 schools and two universities, including Indonesia’s leading private university.Lippo also has a healthcare initiative which manages Indonesia's largest healthcare group, comprising 21 hospitals across the Indonesian archipelago, including Indonesia's world-class cancer treatment hospital.Anthony Tan (pictured left), Group CEO and Co-Founder, Grab said: “Lippo Group and Grab are both homegrown Southeast Asian companies. Technology can be a key driver of economic growth, and we are both invested in opening the digital economy to all Indonesians,”“For Grab, this means using technology to help commuters navigate traffic congestion, and give drivers’ more sustainable livelihoods,” he added.John Riady (pictured right), a Lippo Group Director added, “MatahariMall is emerging as the number one e-commerce platform in Indonesia, and Grab’s scale and growth of its businesses in Indonesia demonstrates a deep local market understanding. Our combined knowledge of the Indonesia market will help us build the most effective online-to-offline experience – to ensure that online shoppers anywhere in Indonesia can receive or collect their purchases easily.”