Indonesia’s most popular ride-hailing app Go-Jek is in negotiations with two of the world’s largest investment firms, KKR and Warburg Pincus, to raise funds totaling $400 million, according to several market sources, tracking the development.
In a development first reported in the in Wall Street Journal, Private equity (PE) major Kohlberg Kravis Roberts (KKR) is set to be part of this round, and may invest in the region of $100 million for a minority stake in the Indonesian startup. Bulk of the remaining amount for this financing round is slated to come from Warburg Pincus, industry executives said.
