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.
