JAKARTA -- Indonesia-based e-commerce unicorn Gojek, known for its "superapp" covering ride-hailing and other services, has invested in a brick-and-mortar hypermarket operator affiliated with one of the country's biggest conglomerates.
Documents filed to the Indonesian Stock Exchange on Tuesday showed Indonesia's most valuable startup had, through a subsidiary, acquired 4.76% of Matahari Putra Prima from its parent, Multipolar, an affiliate of Indonesian conglomerate Lippo Group. The conglomerate is an investor in Gojek's Singapore-based rival Grab through its venture capital arm.
