Blibli and Astra International are reportedly set to add up to $290m to on-demand ride service Go-Jek's latest round, which has been increased from $1.2bn to $1.5bn.
E-commerce firm Blibli and industrial conglomerate Astra International are set to invest up to $290m in a $1.5bn funding round being raised by Indonesia-based on-demand ride platform Go-Jek, Katadata reported today.
Astra could provide between $150m and $170m, while Blibli would supply $100m to $120m for the round, which would value Go-Jek at $4bn. The company had previously said it was targeting $1.2bn in the fundraise.
Founded in 2010, Go-Jek operates an on-demand ride platform with some 900,000 drivers, and…
