GoTo raises $1.3 billion ahead of IPO by Indonesia super app
Published 11 Nov,2021 via Bloomberg Technology & Innovation–GoTo Group, formed earlier this year by the merger of Indonesia’s two most valuable internet startups, raised more than $1.3 billion in the first closing of a fundraising round ahead of its initial public offering.
Investors in the pre-IPO round included the Abu Dhabi Investment Authority, Avanda Investment Management, Fidelity International and Google, the company said in a statement on Thursday.
The Jakarta-based company expects more investors to join the fundraising round ahead of the final completion in the coming weeks. Other backers in the round included Permodalan Nasional Berhad, Primavera Capital Group, SeaTown Master Fund, Temasek Holdings Pte, Tencent Holdings Ltd. and Ward Ferry.
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