Indonesia’s GOJEK said to target final close of over $3b for latest funding round

Photo by Gojek

Indonesia’s ride-hailing startup GOJEK has secured around $1.6 billion in commitments as part of its ongoing Series F financing and is targeting to close the round at over $3 billion, according to a person familiar with the matter.

The firm, whose rival Grab is in the midst of a mega $6.5-billion fundraising exercise, could raise as much as $4 billion as part of the round as it has decided to keep its funding doors open for the near term, the person said.

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