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Telkomsel invests an additional $300 million in Gojek
Telkomsel, a unit of Indonesia’s largest telecom operator Telkom, has invested an additional $300 million in ride-hailing and payments firm Gojek, the two firms said Monday, just months after the network provider wrote a $150 million check to the Southeast Asian firm.
The announcement comes amid Gojek working to seal a proposed merger with e-commerce platform Tokopedia. The $18 billion deal would result in a new entity called GoTo, according to media reports. Telkomsel’s investment today likely makes it one of GoTo’s top eight investors.
Gojek which has raised over $3.45 billion to date from high-profile investors including Google, Facebook, PayPal, Visa, and Tencent and Telkomsel said their strategic partnership will “open up new synergies as the two companies scale up digital services and deliver new, innovative solutions.”
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Search Sellers show a billing feature from Gojek on their smartphone during an event in Yogyakarta on Aug 12, 2020. (Antara Photo/Andreas Fitri Atmoko) Telkomsel Doubles Down on Gojek Bet BY :JAKARTA GLOBE MAY 10, 2021
Jakarta. Telekomunikasi Seluler, or Telkomsel, the cellular operator unit of Indonesia s largest telecom company Telkom Indonesia, has injected $300 million new investment in ride-hailing decacorn Aplikasi Karya Anak Bangsa, or Gojek Indonesia, a move that the company hope would strengthen its position in digital businesses.
Setyanto Hantoro, Telkomsel s president director, said the new investment in Gojek would help it strive in the digital connectivity, digital platforms, and digital services.
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