Malaysia’s Dacsee valued at over US$100mil

KUALA LUMPUR: Dacsee is making a mark in Malaysia’s ride-sharing market, having seen explosive growth in the number of drivers and users since its official launch in July last year. In just six months, the number of bookings has jumped by almost 800%.

In a media statement, Dacsee said that it will expand its services to other South-East Asian countries this year, including Thailand.

South Korea is also another market Dacsee will be launching its platform.

Ride-hailing services in South-East Asia are expected to surge to almost US$30bil by 2025 from US$7.7bil in 2018, according to a Google-Temasek report.

Affirming its stance in providing a community driven service emphasising the sharing economy, Dacsee is the first in the world to provide ride-sharing services utilising the advantages of blockchain technology and decentralization to reduce platform fees and create a self-sustainable ecosystem.

Read more at https://www.thestar.com.my/business/business-news/2019/01/30/malaysias-dacsee-valued-at-over-us100mil/#QqHdCfhqyYRwyGOd.99