Entrepreneur

Gojek Secures Undisclosed Round Of Funding From Siam Commercial Bank

According to a report on Bloomberg, ride-hailing firm Gojek has secured a round of funding from Siam Commercial Bank.

The bank was established in 1907 as Thailand’s first bank, and counts King Maha Vajiralongkorn as its biggest shareholder.

The amount invested into Gojek is unknown, and people close to the matter “asked not to be identified because the matter is private”.

However, they did disclose that the partnership will help Gojek “bolster its financial services”, and the bank is “counting on online growth to help increase revenue”.

Siam Commercial is known to be the latest player to join Gojek’s ongoing Series F round.

Just 2 days ago, Gojek announced that it has raised an undisclosed amount of funding from Mitsubishi Motors Corporation, Mitsubishi Corporation, and Mitsubishi UFJ Lease & Finance.

It was also said that Gojek was “seeking an additional $2 billion in equity and debt financing to close the Series F round”, which also includes backing from big names like Google, Tencent and JD.com.

Spokespeople from Gojek and Siam Commercial Bank have declined to comment.

Featured Image Credit: Angela Jelita Richardson

 

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