Indonesia's sovereign wealth fund Danantara buys stake in GoTo, eyes larger share

Danantara has taken a less than 1% stake in GoTo via IDX, with CEO Rosan Roeslani confirming the purchase started in early 2026.

GoTo Corporate Secretary R.A. Koesoemohadiani welcomed it as a sign of confidence in the company.

Rosan said the move aims to boost ojol drivers' welfare, backing the new 8% ride-hailing commission cap, down from 20%.