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Gojek, Tokopedia secure funds, vote of confidence from big firms
Tokopedia has received an undisclosed sum of investment from tech giant Google and Singapore-based Temasek, its CEO and co-founder William Tanuwijaya announced on Monday.
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Food at your doorstep: During the COVID-19 pandemic, food deliveries have helped ride-hailing apps like Gojek survive. (JP/Arief Suhardiman)
Two of Indonesia’s unicorn start-ups, ride-hailing service Gojek and e-commerce platform Tokopedia, have secured new funding from big companies, which might signal investors’ confidence in the country’s digital economy and reflect a maturing start-up ecosystem.
Tokopedia has received an undisclosed investment from tech giant Google and Singapore-based Temasek, its CEO and co-founder William Tanuwijaya announced on his personal Twitter account on Monday.
“We are pleased to welcome Temasek and Google as shareholders in Tokopedia. We are honored and grateful for their trust and support to the company and Indonesia,” William said in the statement. Temasek, on its Twitter account, confirmed the company’s investment in Tokopedia.
Meanwhile, Gojek also bagged $150 million in funding from Telkomsel, a subsidiary of Indonesia’s largest telecommunications company Telkom, according to a document filed by the latter’s parent company to Indonesia Stock Exchange (IDX) on Tuesday.
“This collaboration will accelerate Telkomsel's growth and our efforts to build an inclusive and sustainable digital ecosystem, which is particularly crucial amid the pandemic,” Telkomsel’s president director Setyanto Hantoro said in a statement on Tuesday.
He went on to say that users of both platforms could look forward to multiple initiatives, such as cost savings, joint promotions and product bundles. The companies would also collaborate on increasing advertising technology solutions for merchants.
