Indonesia’s Uber rival Go-Jek raises $1.2 billion led by Tencent at a $3 billion valuation

 Go-Jek, the motorbike on-demand startup that is battling Uber and Grab in Indonesia, has closed a new round of $1.2 billion led by Chinese internet giant Tencent, two sources close the company told TechCrunch. The deal, which we understand was signed last week, values the company at $3 billion post money. It is expected to be officially announced “soon.” Neither Go-Jek… Read More

by Jon Russell via Endless Supplies .Us - News