Go-Jek the Indonesian ride-hailing firm has raised $100 million from one of its prominent investors Astra. The series F funding round brings a total valuation of $250 billion. The other investor’s pool comprised of Google, Tencent, and JD.com.
Mitsubishi Corporation and Provident Capital also invested in the closing round.
The Company in the previous round closed a Series E funding of $1.5 billion.
The funding raised will be used to expand in the Southeast Asia region.
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The Company has also initiated a joint venture with Astra. The joint venture will increase more drivers in the four-wheeler segment. Thus, a major contribution to the digital economy will be foreseen.
A fleet of thousand cars empowered by Astra’s Fleet Management System and ride-hailing technology in the Go-Jek app will be showcased.
Thus, an opportunity to raise the income segment and welfare improvement can be achieved with the latest go-car service.
Go-Jek entered the regions of Thailand through a Thai affiliate GET. The Company also showcased its presence in Singapore and Vietnam last year. However, it could not establish in Philippine as the service did not meet the local ownership criteria.