Taxi mafias, cash vaults, and 100% MoM growth: The story behind Southeast Asia’s biggest startup | Kevin Aluwi (Gojek)

Mar 26, 2023 Episode Page ↗
Overview

Kevin Aloui, co-founder & former CEO of Gojek, shares how they built a super app in Southeast Asia, discussing the importance of brand, doing hard things, operational scrappiness, and lessons learned from their unique market.

At a Glance
15 Insights
1h 2m Duration
15 Topics
3 Concepts

Deep Dive Analysis

Introduction to Gojek and its early challenges

Kevin's perspective on the 'super app' strategy

The critical importance of brand in consumer businesses

Building brand consistency and cultural relevance

The impact of branded driver gear

Early operational challenges and Gojek's scrappy solutions

The value of doing hard things and avoiding 'moats'

Protecting drivers from motorcycle taxi mafias

The importance of founders understanding multiple company roles

Gaining empathy for drivers through personal experience

Kevin's career transition from finance to tech in Indonesia

Advice for building a tech company outside Silicon Valley

Key characteristics and opportunities in the Indonesian market

Kevin's post-CEO journey and future outlook

Lightning Round

Brand

Brand is about creating associations in customers' minds that go beyond transactional or utilitarian relationships, making the brand part of their identity. Strong brands foster loyalty that is not easily swayed by discounts or features from competitors.

Super App

A super app is a product strategy that aims to offer many services within one application, often touted for lower customer acquisition costs and higher retention. However, this strategy often fails to deliver these benefits if there isn't a unifying concept across services that makes sense to users, leading to design constraints and increased customer education costs.

Accountable Decider

In product development, it's crucial to clearly define who is accountable for a result and who is the ultimate decider for that outcome. While ideas should come from everywhere, a lack of clear accountability and decision-making authority can significantly slow down execution.

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What are the downsides of a 'super app' strategy?

Super apps often fail to deliver on promised benefits like lower customer acquisition costs and higher retention because users struggle to find a unifying concept across disparate services, leading to confusion and design constraints.

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How can a startup build a strong brand with limited resources?

Building a strong brand involves creating consistency across all customer touchpoints (copy, design, advertising) and leaning into cultural artifacts and local phenomena to make the brand relatable and part of the culture, rather than just a utilitarian commodity.

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How did Gojek handle driver payments in a market without established digital payment infrastructure?

In the early days, Gojek established physical 'cash booths' with vaults where drivers could show up with their IDs to receive their earnings in cash, effectively building a mini ATM network before integrating with banks and existing ATM networks.

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How did Gojek deal with fraudulent third-party driver apps?

Instead of solely focusing on technical security, Gojek copied the top two or three valuable features offered by these fraudulent apps (e.g., automatic order acceptance) and integrated them into their official app, which significantly reduced the number of users on the third-party platforms.

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Why is it important for founders to understand various roles within their company?

Founders should understand the work involved in different roles to recognize what 'excellence' looks like, especially in ecosystems with scarce experienced talent. This understanding helps in hiring the right people and building empathy for the challenges faced by employees.

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What are key pieces of advice for building a tech company outside of Silicon Valley?

Key advice includes being scrappy and operations-heavy initially, getting good at remote work early to access diverse talent pools, and avoiding simply copying models by focusing on unique local market dynamics and phenomena.

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What makes the Indonesian market unique for tech companies?

Indonesia is the world's fourth-largest country, and Southeast Asia holds nearly 10% of the global population. The region exhibits a unique pace of adoption for products with great market fit, with companies experiencing tremendous growth rates due to a young population eager for solutions to everyday problems.

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What interview question does Kevin Aluwi like to ask candidates?

Kevin likes to ask, 'Tell me about a subject or activity you've been obsessed with for a long time?' He looks for passion, structured thinking, and the ability to make an obscure topic interesting.

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What minor product development change significantly improved execution at Gojek?

A relatively minor change that had a lot of impact was making it very clear that whoever is accountable for a result should also be the decider for the product development process, which helped avoid slowdowns caused by unclear decision-making.

1. Prioritize Product and Brand

In consumer businesses, focus on product and brand as the two most critical elements, in that order, to build lasting customer loyalty and survive competition.

2. Embrace Hard Things as Moat

Consistently undertake difficult tasks that generate customer value, as these create a durable competitive advantage that is challenging for rivals to replicate.

3. Protect Service Providers

When service providers face physical threats, invest in private security operations and support systems to ensure their safety, demonstrating commitment and building strong community loyalty.

4. Founders: Understand the Work

Actively engage in various operational roles to deeply comprehend the work, identify what “excellence” entails, and cultivate empathy for users, informing better product development.

5. Ensure Brand Consistency

Maintain a consistent brand impression across all customer touchpoints, including app design, copy, and advertising, to shape user perception and build a cohesive identity.

6. Integrate Culture into Brand

Weave cultural understanding and local artifacts into your brand messaging and product features to make your service relatable and deeply embedded in the local culture.

7. Reinforce Brand Visually

Use physical branding (e.g., uniforms) in a way that allows customers to see your service in action, creating an immediate and powerful association with its value proposition.

8. Caution with Super Apps

Avoid expanding into a “super app” without a clear, unifying concept across all services, as theoretical benefits often fail to materialize, leading to increased investment and design constraints.

9. Build Essential Infrastructure

In markets with underdeveloped infrastructure, be prepared to build necessary operational components yourself (e.g., cash distribution networks) to enable your core service.

10. Copy Competitor’s Valued Features

If third-party or fraudulent solutions offer features highly valued by your users, consider integrating those features into your own product to win back users, especially when technical countermeasures are resource-intensive.

11. Master Remote Work Early

For companies building outside major tech hubs, become proficient in remote work early to access diverse and deep talent pools globally, enhancing competitive capabilities.

12. Focus on Unique Market Dynamics

Instead of merely copying existing models, identify and address unique local problems or phenomena in your market to drive distinct product and branding innovations.

13. Target Developing Markets

Seek out developing regions with significant unmet needs and young, eager populations, as solutions resonating with daily problems can achieve exceptionally rapid product adoption and scale.

14. Clarify Product Decision-Makers

To improve execution in product development, explicitly assign decision-making authority to the individual accountable for the result, reducing ambiguity and speeding up progress.

15. Interview for Deep Obsession

Ask job candidates about a long-term obsession to assess their passion, ability to articulate complex ideas, and capacity for structured, detailed thinking.

I'm a very, very big believer that the two most important things in a consumer business are product and brand in that order.

Kevin Aluwi

I don't believe that any moats are durable over time. Eventually with enough time, all moats can be crossed.

Kevin Aluwi

I am kind of annoyed at how much it's being mentioned these days. It's really popular in VC consultant analyst circles because it sounds really great on a strategy deck.

Kevin Aluwi

I think for, as a, as a founder, I do think it's really important to understand the work, um, that needs to be done in order to see what excellence looks like.

Kevin Aluwi

It really shows you what's possible in a very, very, very short time.

Kevin Aluwi

Gojek's Private Security Operation for Drivers

Kevin Aluwi
  1. Identify areas controlled by motorcycle taxi mafias where drivers faced physical assault.
  2. Hire private security companies to assist drivers in dangerous situations.
  3. Establish an on-call service allowing drivers to dial a number for immediate help.
  4. Deploy patrols in specific hotspots to quickly respond to and defuse brewing situations.
  5. Maintain the operation until Gojek drivers became a common and accepted sight across cities.

Gojek's Strategy for Combating Fraudulent Driver Apps

Kevin Aluwi
  1. Identify third-party fraudulent driver apps that were stealing driver details and draining funds.
  2. Observe that these apps offered features (e.g., auto-accept orders) that drivers found valuable, despite the risks.
  3. Instead of solely investing in time-consuming technical security, copy the top 2-3 valuable features from the fraudulent apps.
  4. Integrate these copied features into the official Gojek driver app.
  5. Significantly reduce the number of users on third-party apps by offering similar value within the official platform.

Building a Tech Company Outside Silicon Valley

Kevin Aluwi
  1. Be scrappy and operations-heavy in the beginning, doing things that don't scale through other means to kickstart growth.
  2. Get good at remote work really early to access deeper talent markets outside of headquarters (e.g., building an engineering center in Bangalore in 2015).
  3. Avoid simply copying existing models; instead, understand and build solutions for unique local market dynamics and phenomena.
2.7 million
Gojek drivers Across Southeast Asia
3 billion
Gojek orders completed Last year
15 million
Gojek merchants Doing general e-commerce and food delivery
$27-28 billion
Gojek IPO valuation After merging with Indonesia's top e-commerce platform
Over $1 billion
Gojek IPO funds raised Indonesia's largest IPO of all time
$2 million vs. $250 million
Gojek early funding vs. competitor Gojek had 1/100th of competitor's capital in the first six months after launching its app
More than 100% month-on-month
Gojek app growth rate For the first 16-18 months after launch in 2015
30-40%
Customer awareness of Gojek's mobile top-up product Despite being relevant to 95%+ of customers and visible on the homepage
4th largest
Indonesia's population rank Country in the world
Almost 10%
Southeast Asia's share of world population Of the world's population
Approximately $250 million
eFishery annual revenue A company creating a closed-loop ecosystem for fish farmers