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ADIA led a $1.3bn funding round in GoTo.

Synopsis

ADIA, a sovereign wealth fund owned by the Emirate of Abu Dhabi, led a $1.3bn funding round in GoTo, a digital ecosystem in Indonesia. Additional investors include Avanda Investment Management, Fidelity International, Google, Permodalan Nasional Berhad, Primavera Capital Group, SeaTown Master Fund, Temasek, Tencent, and Ward Ferry. "Indonesia and Southeast Asia are the two markets with the most promising growth prospects in the world, and the support we have received demonstrates the confidence investors have in the region's fast-growing digital economy and our position as a market leader," Andre Soelistyo, GoTo CEO.

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