Alphabet’s Google, Singapore state investor Temasek Holdings and Chinese online platform Meituan-Dianping are investing in a fundraising round of Indonesian ride-hailing start-up Go-Jek, sources familiar with the matter said.
Go-Jek’s existing investors such as global private equity firms KKR & Co and Warburg Pincus are also participating in the funding round of Go-Jek, which is raising about $1.2 billion in total, the sources said.
Google, KKR, Warburg and Temasek declined to comment.
Meituan-Dianping and Go-Jek did not immediately respond to requests for comment.
The people declined to be identified as they were not authorized to speak to the
media.
Source: CNBC
