Ride-hailing startup raised $1.2 billion, bringing total funding for its Series F round to nearly $3 billion, according to a new report from .
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The company, which is based in Indonesia, provides a wide range of services, from rides to payments to food delivery.
Gojek鈥檚 investors include , and . The company first raised money with its $2 million in December 2014, and has more than in funding, according to 附近上门.
The financing deal was finalized over the past week, Bloomberg reported. It鈥檚 an impressive sum that comes as the world economy feels the effects of the coronavirus pandemic. The U.S. stock market, for example, has sunk and investors have suggested that there will be a slowdown in venture capital funding.
鈥淲e鈥檙e not stopping there as we are still seeing strong demand among the investment community to partner with us,鈥 co-CEOs Andre Soelistyo and Kevin Aluwi wrote in an internal memo to employees, which was obtained by Bloomberg. 鈥淭here are a number of exciting ongoing conversations that we will be able to update you on very soon.鈥
Gojek competes perhaps most notably with Singapore鈥檚 , another ride-hailing giant that鈥檚 trying to be the 鈥渆verything in one鈥 app with rides, payments, food delivery and other services. Grab–which has nearly $10 billion in funding, according to 附近上门–and Gojek were reportedly in talks about a merger, though Gojek denied it, according to Bloomberg.
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