Sign up for the Daily Newsletter, sent exclusively to our Premium subscribers. We break down the big and messy topics of Asia’s tech and startup community. Get the newsletter in your inbox everyday with a Premium subscription.
Hi readers,
GoTo Group is set to become the first local private company to go public in Indonesia this year. Formed from the union of super app Gojek and ecommerce titan Tokopedia, GoTo will be offering 46.7 billion in shares and hoping to set a better benchmark for other Indonesian tech companies to list.
While the group, which operates a host of services, doesn’t need much effort to publicize its stock launch (in fact, a report says GoTo was oversubscribed by 17x during book building), investors still need to do some research to tighten the hook and calculate the long run.
Exploring information outside the firm’s self-written IPO prospectus is a necessity to understand the health of the company and the overall industry. GoTo’s structure is also worth scrutinizing since it reflects institutional priorities and its decision-making process.
When you look at our GoTo org chart, you will see how the company puts an emphasis on certain services. You will also get to know its corporate governance and the key people shifting the gears.
— Budi Sutrisno, journalist at Tech in Asia
Top stories this week
Image credit: Timmy Loen
1️. Org Chart: The people leading GoTo Group
Over the years, Gojek has seen changes at the top, while Tokopedia’s top brass has seen few alterations.
2. Behind Carousell’s bid for the $61b used-car space in SEA
Carousell’s autos vertical accounted for a third of the group’s revenue last year. Can the segment continue to be a bet-worthy horse?
3. Fintech a bright spot in Pakistan’s breakout year
Pakistani startups are attracting more international VC funding than ever before. But will that momentum continue?
4. Behind the metaverse real estate rush
As the prices of virtual land skyrocket, Tech in Asia spoke to several experts to gauge if holding such investments is a good bet.
5. Mapping public tech companies in Indonesia
Besides Bukalapak, more than a dozen Indonesian tech companies have gone public since 1990.
6. Indonesia’s Bakrie Group sets up, anchors new VC fund
Quantum Ventures focuses on early-stage startups across Indonesia’s renewable energy, electric vehicle, logistics, and fintech sectors.
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
