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Indonesia's GoTo raises $1.3bn ahead of local IPO amid tech boom

Fidelity, Permodalan Nasional and Primavera Capital come aboard as new investors

Indonesia's GoTo is attracting more investors. (Photo courtesy of GoTo)

SINGAPORE (Reuters) -- Indonesia's biggest tech firm GoTo Group said on Thursday it had secured more than $1.3 billion in the first close of its pre-IPO funding round, which two sources said could launch in the first half of next year.

GoTo, formed by merging ride-hailing-to-payments firm Gojek and e-commerce leader Tokopedia, said in a statement on Thursday that Chinese buyout firm Primavera Capital, Malaysia's largest fund manager Permodalan Nasional Bhd and Fidelity International had come in as new investors.

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