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

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

11/11/21, 7:42 AM
Money raised
$1.3 billion
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 Info

Company
Go To Group
Additional Info
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.