JAKARTA (TheInsiderStories) - Cellular provider, PT Telekomunikasi Selular (Telkomsel) is considering to reinvesting funds worth of US$300 million in Gojek, Kontan reported today. The unit of telco operator, PT Telkom Indonesia Tbk (IDX: TLKM), still has the option to increase its investment up to $450 million, a year after the previous investment was made last year.
The company first investment in PT Aplikasi Karya Anak Bangsa was made in November 2020 valued of $150 million. According to president director, Setyanto Hantoro, now his office exploring the option after seeing the positive results of the synergy collaboration that has been carried out since the beginning of 2021.
Some of them include the integration of Telkomsel MyAds and DigiPOS! Aja with GoBiz, providing access to more than 20,000 Telkomsel outlet and reseller partners on the GoShop service. Then, providing a special data package for GoJek driver partners called the Swadaya Package which can be accessed on the GoPartner and MyTelkomsel Applications.
In March 2021, GoJek has invested in LinkAja, a financial technology applications managed by Telkomsel and other state-owned enterprises, announced a strategic investment from GoJek, a payment and on-demand service platform, part of the Series B funding round. Last year, ride-hailing startup giant, Grab, has joined in the Series B funding round of the company.
“We are very pleased that Gojek has joined us as a shareholder, following the investment made by other leading LinkAja shareholders in the Series B fundraising,” said Haryati Lawidjaja, CEO of LinkAja.
With the new capital, the provider now has a total commitment more than $100 million. She continued, after the transaction, the two companies aimed to strengthen the adoption of digital financial services and accelerate financial inclusion in Indonesia. As part of the partnership, LinkAja will expand the payment method options for certain services on the GoJek application in Indonesia.
By combining the strengths of these two national companies, she claimed, will create a cashless payment experience for the various needs of users in complementary market segments. The platform is mostly focused on payments for retail purchases, public services and daily necessities with 80 percent of the users coming from Tier 2 and Tier 3 cities in Indonesia. While, GoPay served the retail and business sector in Indonesia, especially for micro, small and medium enterprises.
“Through this strategic partnership, we hope to have a bigger and wider impact on the Indonesian economy,” adds by Andre Soelistyo, co-CEO of Gojek.
LinkAja is a digital wallet under Telkomsel which owned 25 percent of stakes, PT Bank Mandiri Tbk (IDX: BMRI) hold 19.71 percent, PT Bank Rakyat Indonesia Tbk (IDX: BBRI ) of 19.71 percent, PT Bank Negara Indonesia Tbk (IDX: BBNI) of 19.71 percent, PT Bank Tabungan Negara Tbk (IDX: BBTN) of 7.12 percent, PT Pertamina of 7.12 percent, PT Asuransi Jiwasraya one percent, and PT Danareksa 0.63 percent.
US$1: 14,500
Written by Staff Editor, Email: theinsiderstories@gmail.com
