Gojek raises US$1bn in funding led by Google, Tencent

Gojek announced the close of the initial portion of its ongoing series F round led by investors led by Google, JD and Tencent. Other investors include Mitsubishi Corporation and Provident Capital. The amount raised amounts to over US$1 billion, according to a report by Straits Times. 

The funds will be used to deepen its market penetration across its businesses and reinforce its hand in Southeast Asia, following its recent expansion to Singapore, Vietnam and Thailand, the company said. Gojek's founders will continue to have control over the direction of the company.

The company is also advancing its partnership with JD.com’s Indonesia e-commerce joint venture, JD.id, and delivery logistics joint venture, J-Express (JX). This will involve collaborations in payment solutions, marketing, and IT with JD.id, enabling the e-commerce platform to reach more Indonesian consumers.

While JX will work with Gojek's courier network to provide customers with nation-wide logistics coverage, the report adds.