Deals
Go-Jek Raises Over $550 Million in KKR, Warburg-Led Round
- Go-Jek is raising funds as competition intensifies in Asia
- Round marks the largest investment for an Indonesian startup
A Go-Jek rider drives a customer through the streets of Jakarta.
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
Go-Jek has secured more than $550 million in a new round of funding led by KKR & Co. and Warburg Pincus LLC, the largest ever for an Indonesian technology startup as investors pour capital into the region’s burgeoning ride-hailing industry.
Go-Jek, which provides motorcycle rides on demand, will use the funds to compete with Uber Technologies Inc. and Grab, two private car-hailing startups now beginning to offer two-wheeled services on its home turf. Farallon Capital Management and Capital Group Private Markets, plus existing shareholders and other international investors, also participated in the round.