The ride-hailing service is now valued at $5 billion–that’s just $1 billion less than Southeast Asia’s largest ride-hailing company, Grab, reports Reuters. Its newfound funds come from more than a dozen investors including BlackRock and Google and will help it expand its footprint in the heavily contested Southeast Asia market, where it will try to gain market share at the cost of rivals like the aforementioned Grab and Uber. Besides its ride-hailing services, Go-Jek will be expanding its payment system, known as Go-Pay. That system is currently one of the most popular mobile payment platforms in Indonesia.
collections
NewsletterCourses and LearningAdvertiseCurrent IssueTech Forecast
What’s next for hardware, software, and services
Most Innovative Companies
Our annual guide to the businesses that matter the most
Most Creative People
Leaders who are shaping the future of business in creative ways
World Changing Ideas
New workplaces, new food sources, new medicine--even an entirely new economic system
Innovation By Design
Celebrating the best ideas in business
Follow us:
