SINGAPORE (REUTERS) - Google has invested in Indonesian ride-hailing firm Go-Jek, as part of its strategy to support and participate in the growth of Indonesia's internet economy, Mr Caesar Sengupta, a vice-president at Google, said in a company blog.
"This investment lets us partner with a great local champion in Indonesia's flourishing start-up ecosystem, while also deepening our commitment to Indonesia's Internet economy," he said in a post titled "Investing in Indonesia".
This month, sources told Reuters that Alphabet's Google, Singapore state investor Temasek and others were investing in Go-Jek as part of a US$1.2 billion (S$1.57 billion) fund-raising round, bolstering the Indonesian start-up in its battle with deep-pocketed rivals Grab and Uber.