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'Gabungan Gojek dan Tokopedia dengan kekuatan visi dan misi yang begitu kuat, akan benar-benar mampu mendorong kemajuan bangsa,' ujar Wlliam dalam posting yang diunggahnya. The credit that will be primary businesses Menurut William, nama GoTo adalah singkatan dari 'Gojek' dan 'Tokopedia', sekaligus melambangkan semangat gotong royong yang melandasi penggabungan keduanya.

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GoTo appointed Citi and Goldman Sachs as its financial advisors for the fundraising, as well as Davis Polk & Wardwell and Assegaf Hamzah & Partners as legal advisors. It currently awaits regulatory changes that will allow companies listed on the Indonesia Stock Exchange to have multiple voting shares, which entitle holders to a greater number of votes per share. The company expects to go public in Indonesia in the first half of 2022, possibly followed by a listing in New York.

GoTo claimed to have generated over 1.8 billion transactions in 2020, with a total gross transaction value of over USD 22 billion. Its services include on-demand transport, e-commerce, food and grocery delivery, logistics, and financial services. The group now consists of three business units-Gojek, Tokopedia, and GoTo Financial. Gojek and Tokopedia merged to form GoTo in May 2021. We foresee secular growth opportunities for Indonesia and GoTo across e-commerce, on-demand mobility, and fintech-all segments in which Primavera has extensive investment experience,” said Michael Woo, Singapore-based managing director of Primavera Capital Group, in a statement. “GoTo is a national champion with the largest and most comprehensive ecosystem for digital daily life in Indonesia. It will also expand payment and financial service offerings, as well as leverage its transport fleet and logistics network to improve hyperlocal services. With the fresh funds, the tech giant will focus on customer growth and engagement. GoTo has closed its first pre-IPO fundraising with over USD 1.3 billion from global investors, including the Abu Dhabi Investment Authority, Avanda Investment Management, Fidelity International, Google, Permodalan Nasional Berhad, Primavera Capital Group, SeaTown Master Fund, Temasek, Tencent, and Ward Ferry.