Telkomsel Announce Additional Investment to Gojek Worth 4,3 Trillion Rupiah

Telkomsel today (10/5) announced its follow-on investment to Gojek worth $ 300 million or the equivalent of 4,3 trillion Rupiah. Actually, this plan has been widely discussed since last April, armed with President Director Setyanto Hantoro's statement.

Previously in November 2020, the first injection Telkomsel ke Gojek announced. At that time the value given reached $ 150 million (equivalent to Rp. 2,1 trillion).

In their official release, the two companies view this continued investment as a momentum to strengthen and deepen collaboration in delivering comprehensive digital services and creating more innovative solutions.

It was also conveyed that this continued strategic investment action was supported by the shareholders Telkomsel namely Telkom Indonesia and Singtel Group.

"[..] Telkomsel We are optimistic that this latest investment effort will open up more opportunities for the public to see and enjoy more advanced technology-based innovations created by the nation's children," said Setyanto.

He continued, that this corporate action is part of the strategy Telkomsel in strengthening trifecta the company's digital business, namely Digital Connectivity, Digital Platform, and Digital Services.

Since the first investment was launched, several joint initiatives that have been successfully carried out by the two companies include: (1) integration Telkomsel MyAds with GoBiz; (2) partners Gojek can be a partner reseller Telkomsel via DigiPOS; (3) driver-partner-only data packages on GoPartner and MyTelkomsel; (4) partners Telkomsel in the GoShop app; and (5) collaboration Telkomsel Dunia Games with Gopay.

“[..] Continued funding Telkomsel will clearly optimize the resources and technological expertise of each company to innovate and expand the benefits of the digital economy for more consumers, driver partners and MSME players throughout Indonesia. We believe and are committed that this partnership will support the acceleration of Indonesia's digital transformation which will strengthen Indonesia's position as the leader of the digital economy market in Southeast Asia," explained the Co-CEO. Gojek Group André Soelistyo.

Investment entry Telkomsel in the middle of finalization news to merge antara Gojek and Tokopedia – Henceforth, it is rumored that the combined company will soon enter the stock exchange. Of course it makes its own strategic value for Telkomsel sebagai shareholdersMoreover, the two startups are now the [local] market leaders in their respective segments.

Meanwhile there are some slices of relationship between Telkomsel-Gojek that has been woven [indirectly]. First, early last March Gojek announced its investment into the LinkAja payment platform in a series B round. It is known that LinkAja's forerunner is the Tcash service which was previously developed by a unit from Telkomsel – Telkom Group and a number of SOEs have shares in it.

Second, Telkomsel through its venture unit Telkomsel Innovation Partners recently participated in a series C funding Halodoc worth 1,1 trillion Rupiah. Gojek was an early investor in the service healthtech The.