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Indonesia's Go-Ventures aims at closing second $200m fund in Q3

Gojek's venture arm hopes to lure sovereign wealth funds, tech companies

Indonesian ride-hailing service Gojek's venture arm Go-Ventures is on track to close its $200 million second fund by the third quarter. (Photo by Ken Kobayashi)

SINGAPORE -- Indonesian tech startup Gojek's venture arm Go-Ventures is on track to close its $200 million second fund by the third quarter, according to sources close to the matter.

Gojek will contribute 20% as a limited partner, with the remaining amount to be raised from external investors. Go-Ventures followed a similar arrangement when it debuted its $200 million fund about three years ago.

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