NEWS COMMENTARY

Go-Jek raises $1 billion Series F as it arms itself for competition with Grab in Southeast Asia's primary markets

Published:
February 12, 2019
Coverage:
Digital Transformation More...
Activities:
Investment
Very important

Go-Jek closed a $1 billion Series F funding round that was in the works for much of 2018 and is smaller than rival Grab's $3 billion round. Go-Jek has been aggressively gaining investors, partnerships, and acquisition targets in its target markets, specifically the Philippines, Singapore, and Indonesia. This tit-for-tat back-and-forth between the two companies was ongoing for much of 2018 and we expect the activity to increase significantly in 2019 as interest in Southeast Asia continues to rise both within the region and from Western countries. Clients should view Go-Jek as one of the next mobility powerhouses to join the ranks of Didi and Uber in the coming years.

For the original news article, click here .


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