Telkomsel invests an extra $300 million in Gojek – TechCrunch

Telkomsel invests an extra $300 million in Gojek – TechCrunch

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Telkomsel, a unit of Indonesia’s largest telecom operator Telkom, has invested an extra $300 million in ride-hailing and funds agency Gojek, the 2 corporations stated Monday, simply months after the community supplier wrote a $150 million check to the Southeast Asian agency.

The announcement comes amid Gojek working to seal a proposed merger with e-commerce platform Tokopedia. The $18 billion deal would lead to a brand new entity known as GoTo, based on media stories. Telkomsel’s funding at the moment seemingly makes it considered one of GoTo’s prime eight buyers.

Gojek — which has raised over $3.45 billion so far from high-profile buyers together with Google, Fb, PayPal, Visa, and Tencent — and Telkomsel stated their strategic partnership will “open up new synergies as the 2 firms scale up digital companies and ship new, modern options.”

The 2 corporations have maintained a deal since 2018 to subsidize the price of cellular knowledge consumed by the ride-hailing agency’s driver companions.

With greater than 170 million subscribers, Telkomsel is the biggest telecom operator in Indonesia. Along with ride-hailing, Gojek has expanded to a number of further companies, together with digital funds and meals supply in Indonesia.

Right this moment’s information follows a $150 million funding Telkomsel made in Gojek in November final yr. The 2 corporations have since built-in a number of elements of their companies to speed up digitization of micro, small and medium enterprises and bringing better value financial savings for driver companions.

A few of these embrace integration of Telkomsel MyAds with GoBiz, which permits Gojek’s MSME companions to make use of MyAds to effectively broaden their outreach to Telkomsel customers, and simple onboarding for Gojek MSME companions to change into Telkomsel reseller companions by means of the DigiPOS Aja! Software.

The 2 corporations additionally co-market gaming companies by means of Telkomsel’s Dunia Video games and GoPay in collaboration with Tencent, offering better worth for PUBGM customers, they stated.

“Telkomsel is optimistic that this newest funding will open extra alternatives for society to entry superior digital technology-based improvements developed by homegrown firms,” stated Telkomsel chief govt Setyanto Hantoro in an announcement.

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