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.

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