ISSUE – Mar. 18 | BREAKING: Ride-Hailing Giant Gojek Raises $1.2 Billion for Clash With Grab

Southeast Asian ride-hailing giant Gojek has raised $1.2 billion for expansion, defying tech-sector turbulence and the coronavirus pandemic to secure funds to take on Grab Holdings Inc.

The new financing was finalized just over the past week when the Covid-19 outbreak quickened its spread and triggered market routs across the globe. That took the total raised in its current financing round to just under $3 billion, the company said in an internal memo obtained by Bloomberg. [ Bloomberg ]

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