About GoTo Group
GoTo Group is a company based in Jakarta (Indonesia) founded in 2015 was acquired by TikTok in December 2023.. GoTo Group has raised $1.3 billion across 3 funding rounds from investors including Facebook, Google and Tencent. The company has 3,350 employees as of December 31, 2024. GoTo Group has completed 5 acquisitions, including Kriptomaksima.co, MAKS Crypto Exchange and PT Crypto Maksima Koin.
- Headquarter Jakarta, Indonesia
- Employees 3350 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Annual Revenue
$981.41 M (USD)7.5as on Dec 31, 2024
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Net Profit
$-318.08 M (USD)94.3as on Dec 31, 2024
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EBITDA
$-92.64 M (USD)80.33as on Dec 31, 2024
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Total Equity Funding
$1.3 B (USD)
in 3 rounds
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Latest Funding Round
$150 M (USD), Post-IPO
Oct 03, 2023
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Investors
Facebook
& 16 more
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Employee Count
3350
as on Dec 31, 2024
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Investments & Acquisitions
Kriptomaksima.co
& 4 more
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Acquired by
TikTok
(Dec 11, 2023)
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IPO & Listings of GoTo Group
GoTo Group is a publicly listed company on the IDX with ticker symbol GOTO in Indonesia, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
51 people
Finance and Accounting
23 people
Leadership Team
11 people
Human Resources and Administration
10 people
Procurement Team
7 people
Commissioner Team
6 people
Senior Team
5 people
Legal and Compliance
5 people
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Funding Insights of GoTo Group
GoTo Group has successfully raised a total of $1.3B across 3 strategic funding rounds. The most recent funding activity was a Post-IPO round of $150 million completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Post-IPO — $150.0M
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First Round
First Round
(20 Oct 2021)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Post-IPO - GoTo Group | Valuation |
investors |
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| May, 2022 | Amount | Post-IPO - GoTo Group | Valuation |
investors |
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| Oct, 2021 | Amount | Series D - GoTo Group | Valuation | ADIA |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in GoTo Group
GoTo Group has secured backing from 17 investors, including venture fund and institutional investors. Prominent investors backing the company include Facebook, Google and Tencent. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by GoTo Group
GoTo Group has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Kriptomaksima.co, MAKS Crypto Exchange and PT Crypto Maksima Koin. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cryptocurrency trading services are provided by MAKS in Indonesia.
|
2021 | ||||
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Warehousing and storage services are provided in Jakarta, Indonesia.
|
2020 | ||||
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Crypto assets are traded and exchanged via an online platform.
|
0 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - GoTo Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Goto Group Comparisons
Competitors of GoTo Group
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Goto Group
Frequently Asked Questions about GoTo Group
When was GoTo Group founded?
GoTo Group was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Where is GoTo Group located?
GoTo Group is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
Is GoTo Group a funded company?
GoTo Group is a funded company, having raised a total of $1.3B across 3 funding rounds to date. The company's 1st funding round was a Series D of $1.3B, raised on Oct 20, 2021.
How many employees does GoTo Group have?
As of Dec 31, 2024, the latest employee count at GoTo Group is 3,350.
What is the annual revenue of GoTo Group?
Annual revenue of GoTo Group is $981.41M as on Dec 31, 2024.
What does GoTo Group do?
GoTo Group was founded in 2015 and is headquartered in Jakarta, Indonesia. The company operates within the technology sector, focusing on integrated digital platforms. Services encompass on-demand transportation, e-commerce marketplaces, and financial technology solutions. Expansion has been pursued in Southeast Asia, with core operations centered on facilitating user transactions and logistics through its domain, gotocompany.com. Limited public details are available on specific revenue streams.
Is GoTo Group publicly traded?
Yes, GoTo Group is publicly traded on IDX under the ticker symbol GOTO.
How many acquisitions has GoTo Group made?
GoTo Group has made 5 acquisitions, including Kriptomaksima.co, MAKS Crypto Exchange, and PT Crypto Maksima Koin.
Who are GoTo Group's investors?
GoTo Group has 17 investors. Key investors include Facebook, Google, Tencent, PayPal, and Alibaba Group.
What is GoTo Group's ticker symbol?
The ticker symbol of GoTo Group is GOTO on IDX.
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