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.
The Russian internet giant Yandex released its Q4 and full-year financial results for 2024 last week. Highlights include: Group revenue...
Read More
Axel Springer has appointed Vladimir Pravdivy, former CEO at Avito, as the new head of AVIV Group. Pravdivy replaces the...
Read More
Adevinta is seeking up to €6.5 billion (USD 6.8 million) in loans from to restructure and refinance its debt, according...
Read More
Property chains are one of the biggest threats to a home move—with the potential to destroy a vast number of...
Read More
