Tuesday, 16 July 2024
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.
