Business Standard

Indonesia's Astra, GDN join Go-Jek fundraisin­g

-

Indonesian conglomera­te Astra Internatio­nal will invest $150 millionin Go-Jek, its aidon Monday, joining the likes of Alphabet’ s Google in the ride hailing start-fundraisin­g. Astra Chief Executive Prijono Sugi ar to said the group had wanted to invest in Go-Jek for sometime but had been looking for the right timing. “We see that Go-Jek is special, its developmen­t is significan­t,” Sugiarto told a news conference. At a separate news conference, PT Global Digital Niaga, a unit of venture capital firm GDP Ventures, also said was investing in Go-Jek. GDN did not say how much it would invest but a senior official who declined to be identified said the amount would be about $100 million.

Newspapers in English

Newspapers from India