Gojek Chief Says on Track to Raise $2 Billion Before 2019’s End

Gojek is on track to raise $2 billion in its ongoing funding round before the end of the year, accelerating capital-raising to drive an expansion into mobile payments and food delivery.

The ride-hailing giant has now handled about $1.5 billion of transactions outside of Indonesia, thanks to a budding expansion into the rest of Southeast Asia, President Andre Soelistyo told Haslinda Amin on Bloomberg Television. Backed by Google and Tencent Holdings Ltd., Gojek has rapidly grown an international business from scratch after setting up shop in countries like Singapore and Vietnam just nine months prior, he said.