Go-Jek Raises US$1 Billion in Latest Funding Round
Posted On: 01 Feb 2019 | Source(s): Go-Jek, Bloomberg | Author(s): Yoolim Lee
Indonesia-based ride-hailing, delivery and personal services platform Go-Jek has reportedly raised US$1 billion as part of its Series F funding round led by corporate investors Google, JD.com and Tencent Holdings. Mitsubishi Corporation and Provident Capital also participated in the round. Go-Jek’s previous backers include private investment fund managers KKR, Warburg Pincus, the Northstar Group, Openspace Ventures, Sequoia Capital, Shunwei Capital Partners and Farallon Capital Management. The company plans to use the funds to expand its presence in Indonesia and across Southeast Asia.