Gojek raises another $300 million lead by Indonesia's largest telco company.

Gojek's new round is aimed at supercharging both companies' collaborative efforts.


Alfred Lee

10 May, 2021

Gojek raises another $300 million lead by Indonesia's largest telco company. | BEAMSTART News

Gojek, Indonesia's largest ride-hailing and payments company, has raised yet another large round of funding.

This time around, the company raised $300 million led by the country's largest telco operator, Telkomsel.

Key Highlights

  • Indonesia's largest telco operator, Telkomsel, led the $300 million round.
  • Telkomsel has the option to invest up to $450 million in Gojek within 1 year since its first investment.
  • The new investment is aimed at growing both companies' collaborative efforts.
  • Previously, Gojek and Telkomsel collaborated on various initiatives — Telkomsel previously offered special data packages for Gojek's drivers and merchants.

Why it Matters

  • This is not the first time Telkomsel invested in Gojek, as the company also invested $150 million last year.
  • Gojek and Tokopedia are expected to merge (the new entity will be called 'GoTo') as both companies aim to collectively go public.
  • Telkomsel would be one of the top 8 investors in the company if the full investment is made.

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