Monday, 6 December 2021

GoTo Group raises $1.3 billion ahead of IPO

5 min read

11 November 2021 – Indonesia’s GoTo Group, a merger between Gojek and Tokopedia, has secured $1.3 billion from investors in the first close of an ongoing funding round ahead of a planned initial public offering. Backers include Fidelity International, Google, Tencent, Temasek, Permodalan Nasional Berhad and a subsidiary of the Abu Dhabi Investment Authority. The fresh funds would be invested into growing the customer base and expanding payments and financial services products.

News source: CNBC and Reuters

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