Gojek's warchest is being replenished in its cut-throat battle for dominance in Southeast Asia's massive ride-hailing market, underlining the support the four-year-old Indonesian company continues to enjoy from its powerful allies.
A person familiar with the deal said on Friday that Gojek has so far raised over $1 billion from existing shareholders in this new round of fundraising, which values the company at close to $10 billion pre-money.
The funds raised will be used to defend and deepen Gojek’s market penetration in Indonesia and strengthen its presence in Singapore, Vietnam and Thailand, Gojek said in a subsequent emailed statement.
The company...
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