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Indonesian ride-hailing app Go-jek raises over US$550m from investors

[JAKARTA] Indonesian ride-hailing app Go-jek raised over US$550 million from investors including US private equity firm KKR, the companies said in a joint statement late on Thursday.

The Indonesian start-up, whose primary business is offering cheap motorcycle rides in the congested capital city Jakarta, named Warburg Pincus, Farallon Capital, and Capital Group Private Markets among its other investors.