Gojek and Tokopedia merged as GoTo; just raised $1.3 billion in pre-IPO funding

GoTo aims to solidify its position as a market leader in Indonesia, and expand outwards


Carl Adrian

11 Nov, 2021

Gojek and Tokopedia merged as GoTo; just raised $1.3 billion in pre-IPO funding | BEAMSTART News

- From our Sponsors -

Indonesia's GoTo Group, a merger between Gojek and Tokopedia, is set to go public really soon.

The firm announced earlier today that it has secured over $1.3 billion in funding, as part of the first close of its pre-IPO round.

Investment Details

  • GoTo's $1.3 billion pre-IPO investors include Abu Dhabi Investment Authority (ADIA), Avanda Investment Management, Fidelity International, Google, Permodalan Nasional Berhad (PNB), Primavera Capital, SeaTown Master Fund, Temasek, Tencent and Ward Ferry. 
  • More investors are expected to join the round in the coming weeks.
  • Proceeds from the investment will be utilized to fuel the company's growth, strengthen its market lead in Indonesia, expand to more parts of Southeast Asia, and to improve its customer service.

- Featured Sponsor -

Why It Matters

  • Goto Group is preparing for a dual listing in New York and Jakarta, which will take place some time later this year/next year.
  • While the company did not share any details on its valuation, media reports estimate GoTo Group to be worth between $28.5 billion to $30 billion.
  • Investors foresee large growth opportunities for Indonesia and Southeast Asia, particularly in the e-commerce, on-demand mobility, and fintech sectors.

- From our Sponsors -

Latest Jobs

Senior Full Stack Software Engineer

Trayd

New York, United States

Full Time

USD 100000 — USD 160000 yearly

Enterprise Sales Development Representative

Turing Labs Inc.

New York, United States

Full Time

USD 50000 — USD 120000 yearly

First SDR Hire

Vimcal

New York, United States

Full Time

USD 75000 — USD 105000 yearly

Director of People

Rose Rocket

Toronto, Canada, United States

Full Time

Salary Undisclosed

Senior Product Manager

Vahan

Bengaluru, India, United States

Full Time

USD 2500000 — USD 4500000 yearly

Revenue Director (Go-to-market areas)

Pulppo

Mexico City, Mexico, United States

Full Time

USD 50000 — USD 80000 yearly

🤝🏼 Talent Lead

Replo

San Francisco, United States

Full Time

USD 100000 — USD 130000 yearly

People Partner Intern

Finku

Jakarta, Indonesia, United States

Internship

Salary Undisclosed

Full Stack Engineer

kapa.ai

United States

Full Time

USD 80000 — USD 119998 yearly

JavaScript Automation Intern

HiOperator

San Francisco, United States

Internship

USD 17 — USD 25 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2024 BEAMSTART. All Rights Reserved (Legal).