Gojek secures USD 300 mln in additional funding from Telkomsel

Monday 10 May 2021 14:35 CET | News

Indonesia-based ride-hailing and food-delivery company Gojek has secured USD 300 million in additional funding from telco company Telkomsel.

Founded in 2010, Gojek initially started as a motorcycle ride-hailing company but has since grown to become a super app, providing access to a range of services such as transportation, digital payments, food delivery, logistics, and other on-demand services.

Following Telkomsel’s initial investment of USD 150 million in Gojek in November 2020, the two companies have integrated various aspects of their services. These include the integration of Telkomsel MyAds with GoBiz, onboarding for Gojek MSME partners to become Telkomsel reseller partners, data packages for Gojek driver-partners, and access to more than 20,000 outlets and resellers of Telkomsel via GoShop.

To date, Gojek has raised a total of USD 5 billion in funding over 11 rounds and is currently valued at about USD 10.5 billion.

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Keywords: Gojek, Telkomsel, online payments
Categories: Payments & Commerce
Countries: Indonesia
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