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Gojek Bags $150M From Indonesian Mobile Operator Telkomsel - Nikkei Asia

by asia.nikkei.com posted 6days ago 20 views
JAKARTA -- Indonesian superapp provider Gojek has bagged $150 million from Telkomsel, the country's state-owned mobile operator, as it adjusts to new business conditions brought about by COVID-19. Both companies had been business partners for a while, with Telkomsel providing Gojek drivers with cheap data options, but this marks the first time the mobile operator will be making an investment into the decacorn, or private companies valued at over $10 billion. Telkomsel is a joint venture between state-owned telco giant Telkom Indonesia and Singapore's Singtel.

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