Connected_MobilityConnected Mobility

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Author: Nicole Schlosser
Publication Date: Apr 29 2022
Pages: 14
Report Type: Insight, Word
Connected Mobility

GoTo Group Impresses With $1.1 Billion IPO, Faces Pressure for Profitability



Report Summary:

The Indonesia-based GoTo Group, created by a merger between mobility-as-a-service superapp Gojek and e-commerce company Tokopedia, had a strong showing in its recent IPO. With a company valuation of about $31.5 billion, GoTo has plans for aggressive expansion, but, with a significant net deficit in 2021, needs to forge a path to profitability to maintain investor interest.

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