ADIA to Invest $400 Million in GoTo
Posted on 10/20/2021
Abu Dhabi Investment Authority (ADIA) plans to kick in US$ 400 million to lead a pre-IPO fundraising exercise by GoTo. GoTo is Indonesia’s biggest tech group. GoTo was formed by the merger of ride-hailing-to-payments firm Gojek and e-commerce leader Tokopedia in May 2021. ADIA is keen on investing in Southeast Asia’s growing digital economy.
Other investors in GoTo include Singapore’s GIC Private Limited, SoftBank Vision Fund (SoftBank Group Corporation), and Alibaba Group Holding.