How GoTo Spent Its Funding Injections

THREE years after GoTo Gojek Tokopedia (GOTO) went public on the Indonesia Stock Exchange (IDX) in April 2022, nearly all of its Initial Public Offering (IPO) proceeds have been used. By the first half of 2025, the company had spent Rp12.7 trillion (around US$894 million) out of the Rp13.72 trillion (US$966 million) it raised during the IPO.

GoTo’s Chief Financial Officer, Simon Tak Leung Ho, said most of the funds were allocated to stre