Indonesian ride-hailing app Go-jek raises over $550 million from investors: statement

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 Uber and Go-Jek, which triggered outrage on social media in a country where public transport options are limited.  REUTERS/Garry Lotulung - RTX1Z7R3
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)

×
Stay Informed

When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.

Facebook's News Feed to show fewer 'clickbait' hea...
Designers come out for Apple in patent fight with ...

Related Posts