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Telkomsel injects additional US$300m into Gojek to explore more digital opportunities

Telkomsel injects additional US$300m into Gojek to explore more digital opportunities

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Telkomsel has invested an additional US$300 million in Gojek, strengthening both parties' collaboration to accelerate Indonesia's digital transformation. This investment builds on the existing collaboration between Telkomsel and Gojek and comes as they scale up digital services and deliver new, innovative solutions.

Specifically, Telkomsel and Gojek 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 grow Indonesia’s digital lifestyle sector, help businesses leverage digital solutions and further develop the technology talent pool in the country.

Meanwhile, Telkomsel views the investment as an opportunity to strengthen its position as the leading digital telco in Indonesia, enabling it to further develop its digital ecosystem and bring about greater benefits to society. Following Telkomsel’s initial investment in Gojek in November 2020, the two companies have integrated various aspects of their services to provide users with new benefits.

According to Telkomsel, this has helped to accelerate the digitisation of micro, small and medium enterprises while bringing about greater cost savings for driver partners and enhanced convenience for consumers. The initiatives include the integration of Telkomsel MyAds with GoBiz, which enables Gojek's MSME partners to use MyAds to efficiently expand their outreach to Telkomsel users, as well as co-marketing for gaming services through Telkomsel’s Dunia Games and GoPay in collaboration with Tencent.

Telkomsel CEO Setyanto Hantoro said the additional investment from Telkomsel affirms the common vision of the two companies, both born and developed to answer real problems in society through digital and technological innovation, with the spirit to serve and advance the country. He added that the investment is part of Telkomsel's strategy to strengthen the company's three digital business pillars, namely digital connectivity, digital platform and digital services. 

Andre Soelistyo, co-CEO of Gojek Group, said the additional investment will strengthen the collaboration between the two companies, enabling both parties to leverage its technological rsources and expertise to bring the benefits of the digital economy to consumers, driver partners, and small businesses across Indonesia.

Last month, Gojek was reported to be merging with Indonesian eCommerce platform Tokopedia to form GoTo, with Soelistyo leading the new entity, Bloomberg reported. Gojek's shareholders will reportedly control 58% of the new holding company while Tokopedia's owners have the rest, Bloomberg said.

Related articles:
Opinion: Speculations around the new Gojek-Tokopedia CEO role arise, innovation key
Gojek slapped with IDR 3.3bn fine after delayed acquisition declaration
Former Gojek marketing SVP Monita Moerdani joins DANA Indonesia
Gojek invests in LinkAja as mobile payments war heats up

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