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.
