Go-Jek backers said to offer US$1bil funding to fuel growth

Valued asset: A Go-Jek motorcycle taxi driver checking information from his mobile phone in Kalibata, Jakarta. Current backers, including Tencent Holdings Ltd - China’s biggest Internet firm, and Warburg Pincus, have informally discussed providing more funding to ensure Go-Jek’s first forays outside its home market are successful.

SINGAPORE: Go-Jek, the Indonesian ride-hailing provider, has been offered at least US$1bil of new funding from existing investors eager to accelerate its overseas expansion, people with knowledge of the matter said.

Current backers, including Tencent Holdings Ltd, China’s biggest Internet firm, and Warburg Pincus, have informally discussed providing more funding to ensure Go-Jek’s first forays outside its home market are successful, according to the people.