Google, Tencent, JD.com to inject around US$920M investment in Go-Jek

Ride-sharing from Indonesia, Go-Jek, has continued on its fundraising, setting eye at US$2 billion fresh capital. Three sources with knowledge about the told Tech News that its existing investors like Google, , and JD.com all have agreed to invest around US$920 out of the number the company aims for.

The company hasn’t released any official statement yet regarding the fundraising, which reportedly will put the company’s valuation at around US$9.5 billion.

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The funding is said to be directed towards regional expansion that had been kickstarted since last year and to push fintech development.

Just last year, Go-Jek has closed a US$1.4 billion round with valuation cap at $5 billion.

The deal is said to also feature the acquisition of JD.com’s Indonesian counterpart, JD.id with over US$1 billion value. TechNews has reached out to JD.id to confirm about the news.

If the acquisition is to take place, Go-Jek would have a solid position among the country’s infamous e-commerces unicorns along with Tokopedia and Bukalapak.

Go-Jek’s last year’s achievements included expansion to Vietnam, Thailand, and Singapore, fintech Coins.ph’s acquisition as a bid to enter the country, and claiming a record of 125 million downloads with over a million drivers.

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