Existing investor Telkomsel provided the cash as on-demand ride provider Gojek prepares to seal a merger with e-commerce platform Tokopedia at an $18bn valuation.

Telkomsel, the mobile network subsidiary of telecommunications firm Telkom Indonesia, has invested $300m in Indonesia-based ride hailing service Gojek, having supplied $150m for the company in November 2020, TechCrunch reported today. Gojek runs an app-based on-demand ride service which has expanded into food, package and grocery delivery in addition to mobile financial services. The funding…

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