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2025-04-29 16:02:31 -

Indonesia’s GoTo Group achieves record profitability in 1Q25
PT GoTo Gojek Tokopedia Tbk, the largest digital ecosystem in Indonesia, announced Tuesday its 2025 first quarter financial results. The Company reached record adjusted EBITDA in its Fintech and On-Demand Services units, as well as sustained year-on-year (y-o-y) core gross transaction value (GTV) growth, highlighting GoTo’s strong product mix and strategic execution across its integrated...

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Ifvex

added blog Other
2025-05-10 03:16:08 -

Singapore’s super app Grab looks to strike deal to acquire Indonesia’s GoTo in 2Q – report
US-listed ride-hailing and food delivery firm Grab is looking to strike a deal to take over smaller Indonesian rival GoTo in the second quarter, two sources with knowledge of the matter said, Reuters reported on Wednesday, Singapore-headquartered Grab has hired advisors to work on the proposed deal, the two sources added. The deal is subject to terms such as financing, which Grab is in...

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