Telkomsel, a force of Indonesia’s largest telecom hustler Telkom, has invested an additional $ 300 million in ride-hailing and remittances firm Gojek, the two firms said Monday, simply months after the network provider wrote a $150 million check to the Southeast Asian firm.
The announcement comes amid Gojek working to seal a proposed consolidation with e-commerce platform Tokopedia. The $18 billion administer would result in a new entity announced GoTo, according to media reports. Telkomsel’s investment today likely does it one of GoTo’s top eight investors.
Gojek — which has raised over $3.45 billion to date from high-profile investors including Google, Facebook, PayPal, Visa, and Tencent — and Telkomsel said their strategic partnership will “open up brand-new synergies as the two companies proportion up digital services and deliver new, innovative solutions.”
The two conglomerates have maintained a agreement since 2018 to subsidize the cost of mobile data consumed by the ride-hailing firm’s motorist partners.
With more than 170 million readers, Telkomsel is the largest telecom operator in Indonesia. In addition to ride-hailing, Gojek has expanded to several additional industries, including digital fees and food delivery in Indonesia.
Today’s news follows a $150 million asset Telkomsel became in Gojek in November last year. The two houses have since integrated several aspects of their services to accelerate digitization of micro , small and medium enterprises and bringing greater cost savings for motorist partners.
Some of these include integration of Telkomsel MyAds with GoBiz, which enables Gojek’s MSME collaborators to use MyAds to efficiently expand their outreach to Telkomsel useds, and easy onboarding for Gojek MSME partners to become Telkomsel reseller marriages through the DigiPOS Aja! Application.
The two houses also co-market gaming works through Telkomsel’s Dunia Games and GoPay in collaboration with Tencent, providing greater importance for PUBGM customers, they said.
“Telkomsel is optimistic that this latest investment will open more opportunities for society to access advanced digital technology-based innovations developed by homegrown business, ” said Telkomsel chief executive Setyanto Hantoro in a statement.
Read more: feedproxy.google.com