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.

Get 30% off with our ads free Premium Plan

Monthly Plan

RM9.73/month

Annual Plan

RM8.63/month

Billed as RM103.60/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In News

Gone with the wild
East Ventures and Kadin Indonesia launched free web-based GHG calculator EOVISEA
Taking flight with sustainable tourism
How COP28 can pave the way for greater climate action in South-East Asia
UNWTO becomes ‘UN Tourism’ to mark new era for global sector
Ethics, the other ‘E’ of ESG
Akademi Kenegaraan to lead Malaysia Madani training programme, says Anwar
Establishing a sustainable coalition in Asean
Johor eatery ordered to close for two weeks due to poor hygiene levels
Five trends in 2024 for Malaysia as mandatory ESG reporting becomes global norm

Others Also Read