Telkomsel to invest in Gojek; influential collaboration of two national champions to accelerate country's digital transformation
JAKARTA, 17 November 2020 -- Gojek, Southeast Asia's leading mobile on-demand services and payments platform, today announced an investment from Telkomsel, Indonesia's leading network service provider and a subsidiary of Telkom Indonesia and Singtel. As leading Indonesian digital technology companies, the two homegrown champions will join forces in a strategic partnership that will grow the country’s mobile-first market and accelerate digital transformation. The value of the investment is USD150 million.
The Gojek platform and its services are used by millions of consumers and driver-partners, and hundreds of thousands of merchant-partners across Southeast Asia, while Telkomsel is Indonesia's largest mobile operator with over 170 million subscribers. As leaders in their respective fields, Telkomsel and Gojek will work together to strengthen services, drive innovation and improve user experience for consumers and small businesses in Indonesia.
The collaboration marks an expansion of Gojek and Telkomsel's multi-year partnership that has offered affordable data packages to Gojek driver-partners since 2018. It will open up a broad range of collaboration opportunities designed to capitalise on the combined scale of both businesses to reach millions of Indonesians throughout the archipelago.
Users of both platforms can look forward to multiple initiatives that provide greater convenience and benefits, such as innovative product offerings, and cost savings through joint promotions and product bundles. The companies will also collaborate on growing Indonesia's digital lifestyle sector and increasing the advertising technology solutions available to merchants of all sizes. In addition, they will work together to implement professional training programs for Telkomsel employees and share best practices in an effort to boost Indonesia's technology talent pool.
A statement from Gojek Co-CEO Andre Soelistyo: "This is a great day for Gojek and for Indonesia, as we strengthen our collaboration with Telkomsel, one of Indonesia's most forward-looking telecommunication companies. By working together, we hope to help Indonesia become a true digital powerhouse in Southeast Asia, and bring the benefits of the digital economy to millions more consumers, driver-partners and small businesses.
"In a fast-growing, mobile-first market, collaborations like this one are crucial for supercharging the digital economy as great things can only be achieved if the region's leading technology companies pool their resources and work together to accelerate development.
"Gojek has always looked up to successful homegrown technology businesses such as Telkomsel and this agreement signifies a real vote of confidence in our platform model and reach in Indonesia and throughout the region. It also puts us in an even better financial position as we look to navigate the years that lie ahead."
Telkomsel President Director, Setyanto Hantoro, said: "The collaboration between Telkomsel and Gojek is built on a common belief that local companies can be the market leaders in Indonesia. We are therefore very proud to strengthen our partnership with Gojek, a leading homegrown platform that continues to make such a considerable positive impact on the daily lives of millions of Indonesians.
"We believe that working with Gojek and its extensive ecosystem will accelerate Telkomsel's growth as a digital telco and our efforts to build an inclusive and sustainable digital ecosystem, which is particularly crucial amid the pandemic and beyond. This spirit of collaboration will continue to be our guiding force as we seek to bring the benefits of digital technology in every aspect of life, to all levels of Indonesian society."
President Director Telkom Indonesia, Ririek Adriansyah further emphasized, "As Telkomsel's parent company, Telkom is delighted about and supports this cross-sector collaboration between Gojek and Telkomsel. We are confident that the collaboration with Gojek would give greater values especially when made with Telkomsel, as it would increase Telkomsel's competitive advantage in growing its leading digital business services along with the transformation roadmap implemented by TelkomGroup to become the leading digital telecommunication company in Indonesia."
"This collaboration is also in line with the vision and mission of TelkomGroup, as to orchestrate the synergies and value created through this collaboration that hopefully will create a positive impact and strengthen the business portfolio of TelkomGroup to accelerate the digital economy in Indonesia."
This agreement is also part of Telkomsel's journey to strengthen its three digital pillars: digital connectivity, digital platform and digital services. These pillars are the foundation for the company’s customer-centric digital products and services designed to fulfill the needs of Indonesian people in every part of society. Telkomsel believes that this collaboration with Gojek will complement its transformation strategy, in addition to strengthening the capacity and quality of human resources, particularly in the digital space.