FILE PHOTO – A Gojek driver rides his motorcycle through a business district street in Jakarta, June 9, 2015. REUTERS/Beawiharta
JAKARTA (Reuters) – Indonesian ride-hailing firm Go-Jek has raised around $1 billion in a funding round, led by Alphabet Inc’s Google, JD.com Inc and Tencent Holdings, sources familiar with the matter said on Friday.
Google, Tencent and JD.com have invested in Go-Jek earlier.
The company said in a statement on Friday it had finalised the first close of its series F funding round, with Mitsubishi Corp and Provident Capital joining as investors.
While Go-Jek declined to comment on the amount raised or its valuation, sources say that the company is valued at $9 billion to 10 billion.
Reuters reported in September that Go-Jek was seeking to raise $2 billion from its current investors, as it challenges Singapore-based rival Grab for a larger share of the region.
Launched in 2011 in Jakarta, Go-Jek – a play on the local word for motorbike taxis – has evolved from a ride-hailing service to a one-stop app through which its customers can make online payments and order everything from food and groceries to massages.
Reporting by Fanny Potkin; Editing by Muralikumar Anantharaman