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Business deals

Gojek bags $150m from Indonesian mobile operator Telkomsel

State-owned company joins Google and Facebook in backing superapp

Telkomsel is one of few Indonesian companies to invest in the home-grown decacorn that has expanded across Southeast Asia.   © Reuters

JAKARTA -- Indonesian superapp provider Gojek has bagged $150 million from Telkomsel, the country's state-owned mobile operator, as it adjusts to new business conditions brought about by COVID-19.

Both companies had been business partners for a while, with Telkomsel providing Gojek drivers with cheap data options, but this marks the first time the mobile operator will be making an investment into the decacorn, or private companies valued at over $10 billion.

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