Indonesia-based mobile phone operator PT Telkomunikasi selular, popularly known as Telkomsel, has reportedly invested an additional USD 300 million in the technology giant Gojek.
This investment from Telkomsel comes months after initially investing USD 150 million in Gojek back in November 2020.
For those unaware, Gojek is currently operating in over four countries and provides more than twenty products through three super apps. Moreover, the payment and the ride-hailing firm has also proposed a merger with Indonesian e-commerce giant Tokopedia.
This USD 18 billion merger will result in a new establishment GoTo. The recent investment from Telkomsel will position it among the top eight investors in the new entity.
Gojek, which is backed by companies such as Tencent, Facebook, Google, PayPal, and Visa, has termed its alliance with Telkomsel as a strategic move that will escalate the digital services and provide ingenious solutions.
With an experience of over 25 years and more than 170 million users overall, Telkomsel has been providing mobile data at comparatively lesser rates to Gojek’s drivers as a part of the deal signed in 2018. The duo has unified various features to escalate the assistance in the digitization of MSMEs.
One such example is the synchronization of Telkomsel My Ads with GoBiz. This assists the businesses to effectively use MyAds to widen their reach to Telkomsel users. The phone operator has also paved way for relatively easier registration for Gojek MSMEs to enroll as Telkomsel resellers via DigiPOS Aja! Application.
Setyanto Hantoro, the Chief Executive from Telkomsel seemed confident about the positive impact of this latest funding in accessing the advanced tech-based solutions devised by the domestic companies for the people of the country.
The two firms have also collaborated with Tencent in marketing their online gaming through Telkomsel’s Dunia Games and Gojek’s GoPay to provide an edge to PUBG Mobile users.
Source credits-
https://techcrunch.com/2021/05/09/telkomsel-invests-an-additional-300-million-in-gojek/