As of the first nine months of 2022, GoTo’s annual transacting users totalled 67 million, boosting its gross transaction value (GTV) by 38.9% y-o-y to 451 trillion rupiah.
RHB Group Research analysts has given GoTo a fair value estimate of 125 rupiah (1.1 cents) upon taking a closer look at the largest digital ecosystem company in Indonesia in its unrated report.
The analysts note that GoTo’s offerings consist of on-demand services, e-commerce and financial technology, which in total account for 2% of Indonesia’s GDP.
