Telkomsel, a unit of Indonesia’s largest telecom operator Telkom, has invested a further $300 million in ride-hailing and funds agency Gojek, the 2 corporations stated Monday, simply months after the community supplier wrote a $150 million check to the Southeast Asian agency.
The announcement comes amid Gojek working to seal a proposed merger with e-commerce platform Tokopedia. The $18 billion deal would end in a brand new entity known as GoTo, in accordance with media stories. Telkomsel’s funding at the moment probably makes it one among GoTo’s prime eight traders.
Gojek — which has raised over $3.45 billion up to now from high-profile traders together with Google, Fb, PayPal, Visa, and Tencent — and Telkomsel stated their strategic partnership will “open up new synergies as the 2 corporations scale up digital companies and ship new, progressive options.”
The 2 corporations have maintained a deal since 2018 to subsidize the price of cell knowledge consumed by the ride-hailing agency’s driver companions.
With greater than 170 million subscribers, Telkomsel is the biggest telecom operator in Indonesia. Along with ride-hailing, Gojek has expanded to a number of further companies, together with digital funds and meals supply in Indonesia.
At the moment’s information follows a $150 million funding Telkomsel made in Gojek in November final 12 months. The 2 corporations have since built-in a number of features of their companies to speed up digitization of micro, small and medium enterprises and bringing higher price financial savings for driver companions.
A few of these embrace integration of Telkomsel MyAds with GoBiz, which allows Gojek’s MSME companions to make use of MyAds to effectively develop their outreach to Telkomsel customers, and straightforward onboarding for Gojek MSME companions to turn out to be Telkomsel reseller companions by way of the DigiPOS Aja! Software.
The 2 corporations additionally co-market gaming companies by way of Telkomsel’s Dunia Video games and GoPay in collaboration with Tencent, offering higher worth for PUBGM customers, they stated.
“Telkomsel is optimistic that this newest funding will open extra alternatives for society to entry superior digital technology-based improvements developed by homegrown corporations,” stated Telkomsel chief govt Setyanto Hantoro in an announcement.