By Yoolim Lee
Go-Jek’s beta app will be available to a limited number of consumers before expanding to a wider population.
Dailyhunt raised over $6 million in a bridge round of funding in September but is now looking for fresh capital to build a war chest as it takes on newer, well-funded companies such as Tencent-backed NewsDog, Shunwei Capital-backed Sharechat and Toutiao’s Helo.
The ruling is part of an investigation that followed the deaths of two female Didi passengers in separate incidents earlier this year.
Around 5,000 cycles belonging to Ofo India were rebranded into Bounce as part of the transaction.
The company has so far raised over $100 million from investors including Accel Partners, Sands Capital and Tiger Global.
Grab has so far raised over $2.75b from Toyota, Hyundai, OppenheimerFunds, Microsoft, Booking, Kasikornbank and UOB.
The proceeds will also be used to expand the brand in its existing markets of Saudi Arabia, Egypt, Turkey, the UAE, Qatar, Bahrain, Lebanon and Morocco.
IFC’s investment brings Voyager’s total funds raised to $215 million and closely follows the $175-million funding round led by KKR and China’s Tencent Holdings.
Alongside CEO Makarim, the information shows that Go-Jek has six other executives on the board of directors.
The company is planning to raise funds over the next on year to aggressively grow its offline presence by opening more physical stores.