Primary tabs

Google confirms investment in Indonesia's Go-Jek

Reuters Published on Mon, Jan 29, 2018 / 3:54 PM GMT+8

A-

A+

SINGAPORE (Jan 29): Google has made its first ride-hailing investment in Asia by pumping money into Go-Jek, as the Indonesian start-up and deep-pocketed rivals rapidly expand their app-based services and digital payments in Southeast Asia.

The funding deepens Google's commitment to Indonesia's internet economy," Caesar Sengupta, a vice president at Google said in a company blog on Monday.

The announcement by Alphabet Inc’s Google comes two weeks after sources told Reuters that Google and Singapore state investor Temasek were among those investing in Go-Jek as part of a US$1.2 billion ($1.57 billion) fundraising round.