Sequoia Warns Founders of ‘Crucible Moment,’ Advises How to ‘Avoid the Death Spiral’
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Indonesia’s GoTo Group Plans New Fundraising After $18 Billion Merger

By Juro Osawa
· · Source: South China Morning Post

GoTo Group, a new $18 billion internet company created by the merger of two Indonesian startups Gojek and Tokopedia, is planning a new private funding round this summer ahead of its initial public offering, the South China Morning Post reported. The SCMP report didn’t have any details on how much money GoTo plans to raise in the new round or at what valuation. GoTo’s pre-IPO fundraising plans...

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Roelof Botha, partner at Sequoia Capital. Photo by Getty
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