Go-Jek seeks bank pitches to raise additional $2b in ongoing round

A Go-Jek motorcycle taxi driver and a passenger travel along a road in Jakarta, Indonesia, on Saturday, Aug. 4, 2018. Photographer: Dimas Ardian/Bloomberg

Go-Jek, Indonesia’s most valuable startup, is choosing an adviser to help with fundraising as it expands rapidly in the competitive Southeast Asian ride-hailing industry, people with knowledge of the matter said.

The firm recently asked investment banks to pitch for a role working on its ongoing financing round, according to the people, who asked not to be identified because the information is private. Go-Jek could seek to bring in as much as $2 billion additional capital from new investors, the people said, which would take the total haul from the current round to around $3 billion.

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