At a $3Bn valuation, Indonesia's Go-Jek raises $1.2Bn from Tencent
Go-Jek, the direct rival of Uber and Grab in Indonesia, has raised a ballooning $1.2 billion from Tencent. The report first appeared on TechCrunch quoting two sources close to the company. The valuation of the ride-hailing firm post this round is $3 billion. Other investors that pumped in the money aren’t known but reportedly existing investors had also participated. The company is slated to make a formal announcement soon.
Prior to this, Go-Jek had secured $550 million in August 2016 at a valuation of $1.3 billion from the likes of Sequoia India, Northstar Group, DST Global, NSI Ventures, Rakuten Ventures, Warburg Pincus, among others.
Go-Jek claims to have more than 200,000 drivers across 25 cities in the nation.
https://thetechportal.com/2017/05/04/...o-jek-funding-tencent-report/ |