Gojek secures US$150 million investment from Telkomsel

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JAKARTA: Gojek has secured a US$150 million investment from network service provider Telkomsel, as part of a partnership to grow Indonesia’s ...

JAKARTA: Gojek has secured a US$150 million investment from network service provider Telkomsel, as part of a partnership to grow Indonesia’s mobile first market and accelerate digital transformation.

Users of both platforms can look forward to multiple initiatives such as new product offerings and cost savings, as well as collaborative efforts to grow Indonesia's digital lifestyle sector and increase the advertising technology solutions available to all merchants. "Gojek has always looked up to successful homegrown technology businesses such as Telkomsel and this agreement signifies a real vote of confidence in our platform model and reach in Indonesia and throughout the region,” he added.

"We believe that working with Gojek and its extensive ecosystem will accelerate Telkomsel's growth as a digital telco and our efforts to build an inclusive and sustainable digital ecosystem, which is particularly crucial amid the pandemic and beyond."Gojek was first established in 2010 and focused on courier and motorcycle ride-hailing services before launching its mobile application in Indonesia in 2015.

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