Business & Finance

Google says invests in Indonesian ride-hailing firm Go-Jek

Published January 29, 2018 Updated January 29, 2018 06:23am

"This investment lets us partner with a great local champion in Indonesia's flourishing startup ecosystem, while also deepening our commitment to Indonesia's internet economy," Sengupta said in a post titled "Investing in Indonesia." http://bit.ly/2nmqPAf

This month, sources told Reuters that Alphabet's Google , Singapore state investor Temasek and others were investing in Go-Jek as part of a $1.2 billion fundraising round, bolstering the Indonesian start-up in its battle with deep-pocketed rivals Grab and Uber.

Copyright Reuters, 2018