ADIA to lead GoTo's pre-IPO funding round with $400m investment

ADIA to lead GoTo's pre-IPO funding round with $400m investment

A wholly-owned unit of Abu Dhabi Investment Authority (ADIA) has signed an agreement to lead the pre-IPO round of Indonesia’s largest tech group GoTo with a $400 million investment, according to a statement on Wednesday.

The deal marks ADIA’s Private Equities Department’s first investment in a Southeast Asian technology business, and also its biggest investment in Indonesia so far.

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