Alphabet Inc’s Google, Singapore state investor Temasek Holdings Pte Ltd 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 LP and Warburg Pincus LLC 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 authorised to speak to the media.
Like this report? Sign up for our daily newsletter to get our top reports.