Telkomsel injects US$300M more into Gojek to further grow Indonesia’s digital lifestyle sector

Indonesia’s super app Gojek has secured additional funding of US$300 million from Telkomsel, a digital telco company owned by Telkom.

This investment builds on the existing collaboration between the two tech giants, and will open up new synergies as they scale up digital services and deliver new, innovative solutions.

Specifically, they will explore more opportunities to integrate their digital services, with the aim of delivering greater value to consumers, partners and businesses.

The two companies will also continue to work together to help businesses leverage digital solutions, and further develop the technology talent pool in the country.

Setyanto Hantoro, CEO of Telkomsel, said that the investment is part of its strategy to strengthen the company’s three digital business pillars, namely digital connectivity, digital platform, and digital services.

“As a digital telco, we aim to go beyond our connectivity capabilities by consistently developing new, sustainable innovations. Through this enhanced collaboration between Telkomsel and Gojek, we will be able to bring together our expertise and further develop Indonesia’s digital industry,” he said.

“Telkomsel is optimistic that this latest investment will open more opportunities for society to access advanced digital technology-based innovations developed by homegrown companies,” he added.

Also Read: gojek’s Bank Jago unveils financial services app that centres around users daily life

“The additional investment will strengthen the collaboration between the two companies, enabling both of us to leverage our technological resources and expertise to bring the benefits of the digital economy to consumers, driver-partners, and small businesses across Indonesia,” commented Andre Soelistyo, Co-CEO of Gojek Group.

Founded in 2010, gojek was initially started as a motorcycle ride-hailing company but has since grown to become a super app, providing access to a wide range of services — from transportation and digital payments to food delivery, logistics, and many other on-demand services.

Following Telkomsel’s initial investment of US$150 million in Gojek in November 2020, the two companies have integrated various aspects of their services to provide users with new benefits.

This has helped to accelerate the digitalisation of micro, small and medium enterprises (MSMEs) while bringing about greater cost savings for driver partners and enhanced convenience for consumers.

These initiatives include the integration of Telkomsel MyAds with GoBiz, easy onboarding for Gojek MSME partners to become Telkomsel reseller partners, affordable data packages for Gojek driver-partners, and convenient access to more than 20,000 outlets and resellers of Telkomsel via GoShop.

As of present, the company has raised a total of US$5B in funding over 11 rounds and is valued at about US$10.5 billion.

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Image Credit: Gojek

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,Telkomsel injects US$300M more into Gojek to further grow Indonesia’s digital lifestyle sector | e27

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