PT Go-Jek Indonesia has closed a $550m funding round from a consortium of global investment firms US Private equity firm KKR & Co. and Warburg Pincus LLC. Previously is reported is reported the the ride-hailing operator was reported in talks with potential investors to raise fresh funds. The company, which already operates in big Indonesian cities like Bandung and Surabaya, also plans to broaden its reach and add more drivers. Go-Jek is estimated need fresh funds $1.2 billion to expand their businesses. Founded in 2010, Go-Jek has since increased its services to food deliveries, cleaning and even massages and now has a network of more than 200,000 motorbike taxi drivers across the country.
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