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Indonesian Goto Group Raises Over $1.3B In Its First Close Of Pre-Ipo

Nov 11, 2021•over 3 years ago

Amount Raised

$1.3 Billion

Description

Indonesia-based startup GoTo Group announced today it has secured more than $1.3 billion in the first close of its pre-IPO funding.

Company Information

Company

Go To Group

About

The company declined to comment on its valuation. Goto Group will use the proceeds to fuel its growth, strengthen its market-leading position, and bolster its customer service. Goto Group claims that it generated over 1.8 billion transactions in 2020, with a total Gross Transaction Value of over $22 billion, contributing to more than 2% of Indonesia’s GDP.