Indonesian giant Gojek has strengthened its ongoing fundraisers with a new $ 1.2 million investment.
According to a Bloomberg report, funds were only secured last week, although the investors behind it are not being disclosed.
In an internal memo to employees, Gojek said that the current Series F financing round is now nearly $ 3 billion.
This is already higher than the original goal of raising $ 2.5 billion for this round.
The first deal started early last year with $ 1 billion raised by big names like Google, JD.com, and Tencent.
Everyday App co-CEOs Andre Soelistyo and Kevin Aluwi added that they "don't stop" as the company continues to receive strong demand from investors.
Gojek will use the funds to further expand its business despite the challenging economic outlook.
Their ability to attract finance in the current environment suggests that investors appear to be confident.
It also shows that the transition of leadership after Gojek co-founder Nadiem Makarim left the company to do politics went smoothly.
The investment puts Gojek in a strong position to compete strongly with the rival company Grab.
Last month, The Information was advised that both unicorns were discussing a possible merger. Gojek came out briefly to refute the allegations.
Selected image source: Kompas Tekno