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ID Digest: GoTo to raise funds via private placement; Bukalapak, Bank Jago plan MESOPs

GoTo plans to issue 118.43 billion shares in the private placement, representing a roughly 10% stake in the company. ....

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Indonesia's biggest tech startup GoTo acquires local digital asset exchange for $8.4M

GoTo expands its business activities with its entry into the digital assets market, procuring a local exchange platform for $8.4 million, a move that’s expected to contribute to Indonesia's GDP. ....

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Indonesia's GoTo injects capital into subsidiary units Velox SEA, GoPay

At the time of its IPO, GoTo had stated that it will allocate about 25% of the proceeds to GoPay.
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Opinion: Speculations around the new Gojek-Tokopedia CEO role arise, innovation key

Opinion: Speculations around the new Gojek-Tokopedia CEO role arise, innovation key
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Gojek co-CEO to head app giant after merger with Tokopedia

GoTo will have three business units: ride-hailing provider Gojek; e-commerce arm Tokopedia; and payments and financial services under the title of Dompet Karya Anak Bangsa, or DKAB, the people said. Reuters
Gojek co-chief executive officer Andre Soelistyo is set to head the Indonesian app giant to be created when the transport and delivery provider merges with e-commerce company PT Tokopedia, according to people familiar with the matter.
Indonesia’s two most valuable startups are set to form a holding company called GoTo, of which Gojek’s shareholders will have 58% and Tokopedia’s owners the rest, said the people, who asked not to be named as the information is private. Patrick Cao, president of Tokopedia, will retain that title at the new entity, they said. ....

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