Indonesia's Go-Jek in talks to raise $1.5b in fresh funding: Report

Indonesia's Go-Jek in talks to raise $1.5b in fresh funding: Report

Photo: Gojek

Indonesia’s ride-hailing giant Go-Jek is in talks to raise a fresh funding round of another $1.5 billion to support its plan to expand into new markets and challenge Grab’s domination in the region following Uber’s recent exit, according to a report by The Information.

The fundraising has not been finalized as Go-Jek is still in talks with Tencent, Google, JD.com and other investors, the report said, citing people familiar with the matter.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter