The on-demand, e-commerce and financial services provider is reportedly targeting $1.5bn in an ongoing round, five months after it was created through a merger between corporate-backed Gojek and Tokopedia.
GoTo Group, an Indonesia-based diversified technology group formed by on-demand ride service Gojek and e-commerce platform Tokopedia, secured $400m today in a pre-initial public offering round.
An unnamed subsidiary of sovereign wealth fund Abu Dhabi Investment Authority (Adia) led the round, which is on its way to a $1.5bn close, a person familiar with the matter told Nikkei Asia.
Formed in May this year through a merger between Gojek and Tokopedia, GoTo provides on-demand, e-commerce and financial services through…
