Google says invests in Indonesian ride-hailing firm Go-Jek

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, 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 startup ecosystem, while also deepening our commitment to Indonesia’s internet economy,” Sengupta 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 $1.2 billion fundraising round, bolstering the Indonesian start-up in its battle with deep-pocketed rivals Grab and Uber.