New investors may also decide to participate if Go-Jek proceeds with the fundraising, the people said.
(June 7): Go-Jek, the Indonesian ride-hailing provider, has been offered at least US$1 billion ($1.3 billion) of new funding from existing investors eager to accelerate its overseas expansion, people with knowledge of the matter said.
Current backers including Tencent Holdings, China’s biggest internet firm, and Warburg Pincus have informally discussed providing more funding to ensure Go-Jek’s first forays outside its home market are successful, according to the people. Go-Jek hasn’t decided whether it wants the additional capital, the people said, asking not to be identified because the information is private.
