Alphabet Inc's Google, Singapore state investor Temasek Holdings and Chinese online platform Meituan-Dianping are investing in a fundraising round of Indonesian ride-hailing start-up Go-Jek.
The funding by prominent investors including Google gives Go-Jek greater firepower to tackle competition at home from Grab and Uber Technologies Inc which are viewing Indonesia, Southeast Asia's most populous country, as a large potential market.
Go-Jek's existing investors such as global private equity firms KKR & Co LP and Warburg Pincus LLC are also participating in the funding round, which is raising about $1.2 billion in total.
The funding round opened last year and is expected to close in a few weeks.