Go-Jek makes first close of $2 billion round at $9.5 billion valuation

techcrunch.com

Existing investors that include Tencent, JD.com and Google have come together to provide around $920 million for the round, which is aimed at $2 billion. Go-Jek is now out soliciting larger checks to reach that lofty target. Expect the money to be spent on deepening its presence in new markets and building out its fintech capabilities, in particular.

Meanwhile, Go-Jek said it expects to launch in the Philippines soon despite having an operating license refused recently over the structure of its local business.

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