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Indonesian tech firm GoTo posts H1 2022 net loss of 13.65 trillion rupiah

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Nisha Ramchandani

Nisha Ramchandani

Published Tue, Aug 30, 2022 · 06:40 PM
    • Gross revenue jumped 49 per cent to 10.7 trillion rupiah on the back of higher revenues from its on-demand services, e-commerce and financial-technology services segments.
    • Gross revenue jumped 49 per cent to 10.7 trillion rupiah on the back of higher revenues from its on-demand services, e-commerce and financial-technology services segments. PHOTO: BT FILE

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    INDONESIAN tech giant GoTo Group’s net loss for the 6-month period ended Jun 30, 2022, swelled to 13.65 trillion Indonesian rupiah (S$1.28 billion) from 6.28 trillion rupiah a year ago.

    Net revenue gained over 73 per cent year on year to 3.4 trillion rupiah, while cost of revenues rose nearly 66 per cent to 2.47 trillion rupiah. GoTo was formed in May 2021 from the merger of e-commerce platform Tokopedia and ride-hailing startup Gojek.

    Gross revenue jumped 49 per cent to 10.7 trillion rupiah on the back of higher revenues from its on-demand services, e-commerce and financial technology services segments.

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