Go-Jek says it has closed the first round of Series F fundraising

Dimas Ardian | Bloomberg | Getty Images

A Go-Jek motorcycle taxi driver travels through traffic in Jakarta, Indonesia, on Saturday, Aug. 4, 2018.

Indonesian ride-hailing company Go-Jek said Friday it had finalized the first closing of its ongoing Series F fundraising efforts.

Go-Jek’s release did not disclose the amount of fresh funds raised.

An industry source familiar with the matter told CNBC that Go-Jek raised just more than $1 billion with the first close of the Series F funding round.

Investors included tech giants Google and Tencent as well as Chinese e-commerce player JD.com and Japan’s Mitsubishi Corporation.

The company said the proceeds would be used to expand and deepen Go-Jek’s presence in its home market, Indonesia, as well as Singapore, Vietnam and Thailand.

“We started out with ride-hailing but in a short space of time have become Indonesia’s industry leader across all key verticals including transport, food delivery, mobile payments, logistics, and merchant services,” Nadiem Makarim, CEO of Go-Jek Group, said in a statement.

“As we expand internationally, we are excited to extend our vision to more countries and at the same time put Indonesia on the map as a regional hub for tech innovation,” he said.

Go-Jek has a presence in 204 cities and regencies across five countries in Southeast Asia. It has more than 2 million drivers and about 400,000 merchants on its platform.