Gojek boosts war chest with another $1.2bn

Additional capital will help it battle Grab in a range of services

20200317 Grab

Initially a ride-hailing app, Gojek has expanded into a comprehensive business that also provides deliveries and e-payment services. © Reuters

SHOTARO TANI, Nikkei staff writers

JAKARTA -- Indonesian ride-hailing and payments operator Gojek has secured an additional $1.2 billion in funding, giving it further ammunition in its ongoing battle with Singapore-based rival Grab.

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