Indonesian holding company GoTo Group has invested $2.8M in Singapore-based horizontal marketplace specialist Carousell.
GoTo Group is the largest digital ecosystem in Indonesia, formed in 2021 as part of a merger that includes e-commerce specialist Tokopedia and on-demand delivery service Gojek.
According to its earnings presentation published in August, GoTo generated 5.8 IDR Trillion ($378M USD) in Q2 2023, a 6% YoY increase—at an EBITDA loss of $78M.
Meanwhile, Carousell's Q2 figures released in July paint a similar story—revenues grew but losses widened.
Welcome to the new year. Our first Product Roundup of 2025 starts with a new search filter in Spain... ...
Read More
Amarendra Sahu, the co-founder of the home rental platform NestAway, has filed a First Information Report (FIR) against his fellow...
Read More
The Chinese real estate marketplace operator FangDD has once again been warned about its continued non-compliance regarding share prices. FangDD...
Read More
JP Morgan released its Global Online Classifieds report in November 2024, with marketplace giants REA Group and Scout24 SE both...
Read More
