Cartoon of the Week: Google & Temasek to join Go-Jek’s funding round

eXo Platform Blog

Google and Temasek are investing in Go-jek, the Indonesia-based rival to Uber and Grab as part of a $1.2 billion fundraising round, enhancing the ride-hailing firm chances to compete with its rivals.

Meituan-Dianping, the chinese online platform is also joining the round along with the existing investors KKR and Warburg Pincus.

“As a strategic investor, Google can add a lot to Go-Jek’s business,” said one source. “Go-Jek’s challenge is not how to grow the business but to have a big pool of funding to support all its services,” he said.

Will this help Go-jek outreach competitors? Especially that competition has also increased its rounds by significant multiples?

Follow eXo Platform’s board Cartoon of the Week on Pinterest.

Related Posts
Brand & Communication Manager

I am a marketer and social media junkie. I work to optimise eXo’s online brand with content, social media technologies and digital marketing. I mainly write cartoons but I am also a big fan of topics related to internal communications in the digital workplace. I would love to connect with you, so get in touch and join our LinkedIn group ‘Intranet & Digital Workplace’.

Comments
Leave a Reply

Your email address will not be published.

I have read and accept terms of the privacy Policy. Learn More

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code class="" title="" data-url=""> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong> <pre class="" title="" data-url=""> <span class="" title="" data-url="">