News
GoTo stays focused on profitability even as its loss widens
Indonesia’s GoTo reported a loss of $2.6 billion for 2022, 56% higher than last year. However, GoTo’s 2022 revenue also doubled in the same time period. Read more…
GoTo
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GoTo, Indonesia’s biggest tech firm, laying off 1300 workers
Indonesia’s biggest tech firm GoTo Gojek Tokopedia said on Friday it was laying off 1,300 workers, or 12% of its workforce due to an uncertain economic outlook. Read more…
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GoTo IPO scores $1.1 billion, raises hopes for Indonesian tech
GoTo soars up to 23% in its market debut after its IPO raises $1.1 b, fuelling expectations of more unicorns from Indonesia’s tech sector. Read more…
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Indonesia’s GoTo looks to raise at least $1 billion for IPO
GoTo Group, Indonesia’s biggest tech firm, has received sufficient investor orders for its IPO that could raise at least $1.1 billion. Read more…
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GoTo is pressing ahead with $1.25 billion IPO despite market tensions
GoTo Group plans to raise up to $1.25 billion through an IPO on the Indonesia Stock Exchange rather than jump on the SPAC bandwagon. Read more…
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Indonesia’s GoTo reportedly eyeing $2 billion in pre-IPO talks
GoJek and Tokopedia owners are moving to raise as much as $2 billion ahead of a rumoured initial public offering (IPO) for GoTo. Read more…
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Indonesia’s Gojek, Tokopedia merge to create mega tech company GoTo
Indonesia’s Gojek and Tokopedia to merge and create a multi-billion dollar tech company called GoTo in the country’s largest-ever deal. Read more…