![]() ![]() ![]() Gojek and Tokopedia merged to form GoTo in May 2021. We foresee secular growth opportunities for Indonesia and GoTo across e-commerce, on-demand mobility, and fintech-all segments in which Primavera has extensive investment experience,” said Michael Woo, Singapore-based managing director of Primavera Capital Group, in a statement. “GoTo is a national champion with the largest and most comprehensive ecosystem for digital daily life in Indonesia. It will also expand payment and financial service offerings, as well as leverage its transport fleet and logistics network to improve hyperlocal services. With the fresh funds, the tech giant will focus on customer growth and engagement. We believe that we are in the process of building a world class technology company which fortunately happens to be in Indonesia.GoTo has closed its first pre-IPO fundraising with over USD 1.3 billion from global investors, including the Abu Dhabi Investment Authority, Avanda Investment Management, Fidelity International, Google, Permodalan Nasional Berhad, Primavera Capital Group, SeaTown Master Fund, Temasek, Tencent, and Ward Ferry. SoftBank is the investor behind the success of Alibaba, while Sequoia Capital is the investor behind the success of Apple, Google, Instagram, WhatsApp, and many other successful technology companies. Tokopedia is the first internet company in Southeast Asia that succeeded to close US $100 million in funding from SoftBank and Sequoia Capital. Tokopedia is also indirectly responsible for the creation of thousands of new jobs through the growing success of our merchants, who often become a positive impact by providing job vacancies in their immediate communities. Our services have allowed hundreds of thousands of Indonesian small and medium-sized enterprises (SMEs) to send millions of products every month to their customers throughout Indonesia. Tokopedia provides a better online selling experience to the sellers, so that the sellers can provide a better online shopping experience to their customers.Īt Tokopedia, we believe that a marketplace is the most beautiful business model in the world, because the success of a marketplace can only be achieved by helping others to become more successful. Tokopedia (which is owned by PT Tokopedia, is an internet company that allows individuals and business owners in Indonesia to open and manage their own online stores easily and for free. ![]()
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January 2023
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