Indonesian ride-hailing app Go-jek raises over $550 million from investors: statement
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A woman rides on the back of a motorbike, part of the Go-Jek ride-hailing service, on a busy street in central Jakarta, Indonesia December 18, 2015. Indonesia’s president publicly rebuked one of his cabinet ministers on Friday for a clampdown on ride-hailing services such as…
Reuters/Garry Lotulung – RTX1Z7R3
Indonesian ride-hailing app Go-jek raised over $550 million from investors including U.S. private equity firm KKR, the companies said in a joint statement late on Thursday.
The Indonesian start-up, whose primary business is offering cheap motorcycle rides in the congested capital city Jakarta, named Warburg Pincus, Farallon Capital, and Capital Group Private Markets among its other investors.
(Reporting by Eveline Danubrata; Writing by Kanupriya Kapoor; Editing by Alexandra Hudson)