GoTo Group

GoTo Group is an Indonesian technology company formed by the merger of Gojek and Tokopedia in May 2021. It integrates e-commerce, ride-hailing, delivery, and financial services into a single platform, primarily serving the Indonesian market. In 2024, GoTo divested its e-commerce business, partnering with TikTok Indonesia to create a new entity. Following this change, the company is expected to see its on-demand services generate the majority of its revenue, while its financial services begin to grow. Before the divestment, a significant portion of its non-financial services revenue was derived from e-commerce activities, and the company plans to expand its offerings to include loans and buy now, pay later options, enhancing its overall service ecosystem.

Simon Ho

CFO

6 past transactions

PT Multifinance Anak Bangsa

Corporate Round in 2024
PT Multifinance Anak Bangsa provides technological solutions in financial services and lending.

Carousell

Venture Round in 2023
Carousell is a Singapore-based classifieds marketplace that facilitates the buying and selling of preloved items through its mobile app, available on iOS and Android. Launched in August 2012, the platform allows users to easily list their secondhand goods by simply taking a photo and adding a description, covering a wide array of categories such as fashion, electronics, home goods, and vehicles. Carousell has gained popularity and recognition, ranking as the top shopping app in several regions including Singapore, Taiwan, Hong Kong, and Australia. The company has expanded its reach to 19 cities across seven countries, driven by a mission to inspire individuals to start selling and declutter their lives while enabling others to discover savings.

Swift Logistics Solutions

Acquisition in 2023
Swift Logistics Solutions is a professional logistics company based in Jakarta, Indonesia, specializing in comprehensive warehouse and shipment solutions. The company aims to enhance customer satisfaction, enabling clients to concentrate on their business growth. Swift offers a range of services, including delivery, warehouse management, cool storage, and specialized storage options for regular, high-value, and palletized goods. With a commitment to innovation and technology development, Swift ensures 99.9% inventory accuracy and provides efficient logistics services, including three-day delivery across Indonesia, 100% cash on delivery coverage, and same-day fulfillment. These capabilities position Swift as a reliable partner for businesses seeking to optimize their logistics operations.

Kripto Maksima Koin

Acquisition in 2022
Kripto Maksima Koin is a cryptocurrency exchange based in Indonesia that facilitates trading and coin exchange through various crypto assets. The company provides a platform for customers to engage in cryptocurrency transactions, enabling them to diversify their investment portfolios encompassing both stocks and cryptocurrencies. Through its services, Kripto Maksima Koin aims to enhance accessibility to digital assets for individuals looking to participate in the growing cryptocurrency market.

Atma

Pre Seed Round in 2022
Atma is an Indonesia-based social job platform that aims to address the challenges faced by the job-seeking population in the country. By focusing on the lower and middle-income job segments, Atma has developed a comprehensive ecosystem that includes a job marketplace, an up-skilling institute, and a community-based support system. This platform is designed to enhance the job search experience for candidates while simultaneously improving the candidate search process for businesses. Through its innovative approach, Atma seeks to empower job seekers and facilitate meaningful connections between employers and potential employees.

Gogoro

Post in 2022
Gogoro Inc. is a manufacturer of two-wheeled electric vehicles and a pioneering provider of battery swapping infrastructure, based in Taoyuan City, Taiwan. Founded in 2011, the company specializes in electric scooters, notably the Smartscooter, which features cloud connectivity and an electric powertrain that utilizes a network of swappable batteries. This modular battery swapping system allows urban riders to access portable power through strategically placed battery vending machines, facilitating the adoption of electric mobility in densely populated areas. Gogoro aims to transform megacities into smart cities by making energy distribution more efficient and accessible. The company's comprehensive ecosystem includes Gogoro Smart Batteries, GoStations, and battery management systems, contributing to a seamless integration of hardware and software. The majority of Gogoro's revenue is generated in Taiwan, where it has established a strong presence.
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