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.