GoTo, which operates Gojek and is a part owner of e-commerce company Tokopedia, reports adjusted EBITDA of $23.5M for 2024, its first annual profit
A. Anantha Lakshmi / Financial Times :
GoTo reports a $5.76B net loss in 2023, up over 2x YoY, due to a write-down after TikTok bought a ~75% stake in GoTo's Tokopedia, on ~$933.6M in net revenue
Nana Shibata / Nikkei Asia :
Momentum Works: Southeast Asia's e-commerce GMV hit $99.5B in 2022, up 1.8x from 2020; Shopee accounted for $47.9B, Lazada for $20.1B, and Tokopedia for $18.4B
almost half was from Shopee
Sources: Indonesia's GoTo raises ~$1.1B in its IPO at 338 rupiah per share; 10 other companies have raised about $172M through Jakarta IPOs in 2022, up 30%+ YoY
Bloomberg : Tweets: @markets Tweets: @markets : GoTo, an Indonesian startup giant, formed by the combination of ride-hailing company Gojek and e-commerce firm PT Tokopedia, raised about $1.1 billion,...
GoTo, formed by the $18B merger of superapp Gojek and e-commerce business Tokopedia, plans to raise up to $1.3B via an Indonesia Stock Exchange IPO in April
SoftBank-backed tech group to list as investors bet on booming digital economy — GoTo, Indonesia's biggest start-up …
Tokopedia, Indonesia's largest online marketplace, says it has raised $1.1B led by SoftBank's Vision Fund and Alibaba; source: the deal values company at $7B
another massive e-commerce firm in Asia https://techcrunch.com/... Jon Russell / @jonrussell : The deal gives Tokopedia a valuation of $7B which makes it Southeast Asia's third largest private tech co...
Sources: PT Tokopedia, Indonesia's largest online marketplace, raises $1B from existing investors including SoftBank, at a ~$7B post-money valuation
- Tokopedia is said to raise $1 billion of new funding — SoftBank and other existing backers said to join round