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Aug

GoTo lost US$174 million in H1 2024

In the first half of 2024 Indonesian super app GoTo lost US$174 million. While such a figure would barely have raised eyebrows back when interest rates were low and VC funding flowed freely, these days investors are more discerning – especially since GoTo is a public company listed on the…

Apr

Asia Capital Markets Research

GoTo’s strong IPO defies the odds

Heading into GoTo’s IPO Monday, one could be forgiven for being a bit skeptical. Here was another loss-making platform company with a sky-high valuation and a lot of subsidy-driven digital services. If you’ve seen one, you’ve seen them all, right? Not necessarily, say investors. GoTo raised US$1.1 billion in a…

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