Telkomsel Spends IDR 2.1 Trillion To Gojek

Telkomsel's investment in Gojek

JAKARTA - PT Telekomunikasi Seluler (Telkomsel) is reported to have poured funds into the application made by the nation's children, Gojek. It is stated that the fund is worth 150 million United States dollars (US) or the equivalent of IDR 2.1 trillion.

The agreement between the two has occurred on Monday, November 16 yesterday. This investment will support the two companies to work together in accelerating digital transformation in the country. Telkomsel's investment value in Gojek is US $ 150 million.

In this collaboration, Gojek and Telkomsel will jointly strengthen their digital services, encourage innovation and new products, and increase convenience for users and micro, small and medium enterprises (MSMEs).

"The digital economy in Indonesia is driven by the development of mobile devices (mobile-first market), so that if the leading players in the technology and telecommunications industry collaborate to take advantage of existing resources, Indonesia's digital economy can be accelerated to a higher stage (leap frog)," said Gojek Group Co-CEO, Andre Soelistyo in a statement received by VOI, Tuesday, November 17.

On the same occasion, President Director of Telkomsel Setyanto Hantoro said that the collaboration between Telkomsel and Gojek originated from the same vision of both parties, namely to reinforce the position of local players as hosts in their own country.

By investing in Gojek and its extensive ecosystem as well, said the boss of Telkomsel, it will accelerate the transformation of Telkomsel as a digital telco company and strengthen the company's consistency in building an inclusive and sustainable digital ecosystem.

"Even at a time when we are still facing challenging situations in the midst of a pandemic. The spirit of collaboration will continue to be our foundation in presenting the benefits of digital technology in all sectors of life for all levels of Indonesian society," said Setyanto.

In addition, Gojek and Telkomsel also collaborate in the field of talent empowerment through the exchange of experiences and professional skills development programs as an effort to improve technological human resources in Indonesia.

So far, Gojek has received quite a lot of investment attention from large companies, starting from the Mitsubishi Corporation and Visa. In early March, Gojek received US $ 1.2 billion in company fundraising.

The long list of big investors such as Mitsubishi, Astra International, Blibli, Temasek Holdings is behind Gojek. Not to mention investment from Google, Tencent, Facebook to PayPal.