Telkomsel invests an additional $300 million in Gojek

Telkomsel invests an additional $300 million in Gojek

Gojek is Indonesia's largest private tech company

Main Highlights:

Gojek is an app that provides a variety of services from payments, food delivery, transportation, and logistics. The app is used for food ordering, commuting, digital payments, shopping, hyper-local delivery, getting a massage, and other services. It aims to create a positive socio-economic impact on customers, driver-partners, businesses, and MSMEs. Gojek is backed by investors including Google, Facebook, PayPal, Sequoia Capital, and Tencent Holdings. Kevin Aluwi, Nadiem Makarim, and Michaelangelo Moran founded the company in 2009. It is based in Jakarta, Jakarta Raya, Indonesia.

Telkomsel is a telecommunications company that offers a range of mobile services to its clients. Telkomsel offers 3G, HSDPA, HSPA+, and 4G LTE internet services to its clients. Furthermore, it offers banking, roaming, and entertainment services to its clients. Telkomsel was founded in 1995 and is based in Indonesia.

Gojek bags US$300m more in funding from Singtel Indonesia:

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 has raised over $3.45 billion to date from high-profile investors. These include Google, Facebook, PayPal, Visa, and Tencent. Telkomsel said their strategic partnership will “open up new synergies as the two companies scale up digital services and deliver new, innovative solutions.”

Telkomsel has more than 170 million subscribers:

With more than 170 million subscribers, Telkomsel is Indonesia’s largest carrier. In addition to Ride-Hailing, Gojek has expanded into digital payments and food delivery in Indonesia. The news follows Telkomsel’s $ 150 million investment in Gojek last November. The two companies have since integrated several aspects of their services to accelerate the digitization of small businesses, resulting in significant cost savings for their driver-partners.

Some of these include the integration of Telkomsel My Ads with GoBiz. This allows Gojek MSME partners to effectively extend their outreach to Telkomsel users using MyAds, allowing easy onboarding for Gojek MSME partners to become Telkomsel reseller partners via DigiPOSAja. application.

The two companies also co-sell game services with Tencent through Telkomsel’s Dunia Games and GoPay, offering greater value to PUBG MOBILE users, they said. Telkomsel’s CEO, Setian Huntro, said in a statement, “This latest investment will give society more access to advanced digital technology-based innovations developed by its own companies.

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