Indonesia's Gojek closed US$1.2 billion funding last week - internal memo

Indonesia's Gojek closed US$1.2 billion funding last week - internal memo

Indonesian ride-hailing firm Gojek closed an additional US$1.2 billion of funding last week, according to an internal memo reviewed by Reuters.

Commuters pass by a Gojek advertisement in Singapore
FILE PHOTO: Commuters pass by a Gojek advertisement in Singapore March 4, 2019. Picture taken March 4, 2019. REUTERS/Edgar Su

REUTERS: Indonesian ride-hailing firm Gojek closed an additional US$1.2 billion of funding last week, according to an internal memo reviewed by Reuters.

The memo said the company's total funding currently stands at just under US$3 billion, and added it was still seeing strong demand among the investment community despite turbulence within the tech investment environment and the coronavirus pandemic.

A Gojek spokesperson declined to comment when contacted by Reuters.

(Reporting by Rashmi Ashok in Bengaluru; additional reporting by Fanny Potkin; editing by Christian Schmollinger)

Source: Reuters

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