Indonesia's GoTo secures over $1.3b in first close of pre-IPO round

Indonesia’s biggest tech group GoTo announced the first close of its pre-IPO fundraising round, securing more than $1.3 billion from a host of investors.

The round saw the participation of a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), Avanda Investment Management, Fidelity International, Google, Permodalan Nasional Berhad (PNB), Primavera Capital Group, SeaTown Master Fund, Temasek, Tencent, and Ward Ferry.

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