Sources: Grab's planned acquisition of GoTo has hit a snag over Indonesian carrier Telkomsel's unwillingness to sell its ~2% stake in GoTo at current valuations
Grab Holdings Ltd.'s planned multibillion-dollar acquisition of GoTo Group has hit a stumbling block.
GoTo CEO Andre Soelistyo plans to step down, to be replaced by Northstar partner Patrick Walujo, who aims to tackle years of losses and intensifying competition
Indonesian internet company GoTo Group is replacing its chief executive officer, seeking fresh leadership to reverse years of losses and tackle intensifying competition.
Indonesia's GoTo Group cuts 1,300 jobs, or ~12% of its workforce, to trim costs and improve finances
or about 12% of its headcount Reuters : Indonesia's GoTo to cut 1,300 jobs to step up cost cutting Gita Rossiana / DealStreetAsia : Indonesia's GoTo confirms it is laying off 1,300 employees, or 12% o...
Sources: Indonesia's GoTo Group is planning to cut 1,000+ jobs, more than 10% of its workforce, and curb its costs
Bloomberg :
Jakarta-based GoTo Group reports Q1 gross revenue up 53% YoY to ~$357M and a ~$370M adjusted loss, up from ~$130M YoY, after raising $1.1B in its March 2022 IPO
Indonesia's GoTo Group reports Q1 gross revenue rose 53% YoY to $357M and a loss of $370M, after raising $1.1B in its IPO
Bloomberg :
Indonesia's GoTo raises $1.3B+ from the Abu Dhabi Investment Authority, Google, and others ahead of its IPO
- ADIA, Avanda, Fidelity join investors such as Google, Tencent — Jakarta-based GoTo plans to go public at home and the U.S. — GoTo Group, formed this year by the merger …
Ride-hailing giant Gojek and e-commerce marketplace Tokopedia say they have merged to form GoTo Group, the largest tech group in Indonesia
Ride-hailing giant Gojek and marketplace Tokopedia said on Monday they have combined their businesses to form GoTo Group, the largest technology group in Indonesia.