JAKARTA -- Indonesia's largest private tech company GoTo has bagged $400 million from Abu Dhabi Investment Authority, the sovereign wealth fund owned by the Emirate of Abu Dhabi, ahead of its anticipated initial public offering.
GoTo said in a statement on Wednesday that it has agreed for a wholly-owned subsidiary of ADIA to lead its pre-IPO fundraising with the investment. The transaction "will be the first principal investment by ADIA's Private Equities Department into a technology business in Southeast Asia and its largest investment into Indonesia to date," GoTo added.
