Indonesia’s Go-Jek raises US$550mil


A customer (R) paying for a ride with a motorcycle driver from Indonesian start-up Go-Jek in Jakarta. - AFP

Ride-hailing service Go-Jek gets more ammunition in its battle for market share in its home turf of Indonesia where its motorcycle taxis compete with the likes of Uber and Grab.

INDONESIAN ride-hailing service Go-Jek has raised fresh funding of more than US$550mil from KKR, Warburg Pincus and other investors, giving it more ammunition in the battle for market share in the country of 250 million people.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In News

Sabah flood evacuees increase to 4,652 in northern districts
No elements of abuse, bullying found in Trooper Indiran's death, says Khaled
Ex-Bersatu members welcome to join Umno, says Khaled
Macron says US Supreme Court tariff ruling shows it is good to have counterweights to power in democracies
70-year-old woman swindled out of jewellery in 'pukau' scam
Analysis-Trump pushes US toward war with Iran as advisers urge focus on economy
TB outbreak: Mask up at crowded places like Ramadan bazaars, public urged
Public inspection for LRT Mutiara Line extension linking Penang Island, Seberang Perai
12 police personnel suspended over cryptocurrency theft
Bill to cap PM’s term at 10 years to be tabled on Monday

Others Also Read