Danantara buys GoTo shares, focuses on online drivers' welfare
Danantara buys GoTo shares, focuses on online drivers’ welfare
The entry of Danantara is linked to efforts to improve the digital platform business model and open up policy adjustments for online transport partners.
JAKARTA: The Danantara Investment Management Agency has purchased shares in PT GoTo Gojek Tokopedia Tbk (GoTo), the owner of the Gojek and GoPay services, through the stock exchange. GoTo states that the number of shares bought by Danantara is less than 1 per cent of the company’s total shares.
Danantara’s entry into GoTo shares is said to be more than just ownership; it is also a push to improve the welfare of driver partners. Minister of Investment and Downstreaming, who is also CEO of Danantara, Rosan Roeslani, said the government’s focus is on enhancing protections for ojol.
Rosan stated that Danantara’s main attention is on improving partner welfare, from BPJS Health, BPJS Employment, to Holiday Bonuses (BHR). According to him, the investment process is being carried out gradually and has been underway since the beginning of 2026.
“Danantara has already started entering and we have already talked; for us, the important thing is the welfare of ojol, how we improve the welfare of ojol, with BPJS Health, BPJS Employment,” said Rosan, quoted by Antara on Wednesday (6/5).
Rosan added that Danantara is also pushing for the provision of BHR for ojol partners so that its value can be increased.
According to Rosan, policy changes in the digital transport company ecosystem have started to become visible since January 2026. These changes align with President Prabowo Subianto’s instructions to improve the digital platform business model, which previously relied heavily on cash-burning strategies or burning large amounts of money for promotions and marketing.
“Previously, these ojol companies were competing in marketing, burning cash up to hundreds of millions of dollars just for marketing. So we invited them to talk, no need to burn cash anymore; better to use this money for the benefit of ojol rather than burning money against each other,” explained Rosan.
GO TO WELCOMES DANANTARA’S INVESTMENT
GoTo confirmed the share purchase through a disclosure on the Indonesia Stock Exchange (BEI) that was disseminated to the media on Tuesday (5/5/2026) evening in Jakarta.
“We acknowledge that the Danantara Investment Management Agency has purchased a number of the company’s shares through the exchange in an amount less than 1 per cent of the shares issued by the company. GoTo welcomes this investment, just as it does investments from all other stakeholders,” said GoTo’s Corporate Secretary, RA Koesoemohadiani.
Koesoemohadiani stated that the share purchase by Danantara reflects ongoing confidence in GoTo’s business fundamentals, performance, and long-term prospects.
According to her, this investment serves as positive encouragement for GoTo to continue conducting business activities sustainably, professionally, and based on good corporate governance.
News of the share purchase by Danantara had previously gained traction after Deputy Speaker of the DPR, Sufmi Dasco Ahmad, mentioned it during a reception of a labour mass audience in the May Day action in front of the DPR Building in Jakarta on 1 May.
Dasco said that the government’s entry as a shareholder in the online transport service provider opens up room for policy adjustments, including those related to commissions for online transport drivers.
President Prabowo Subianto previously announced Presidential Regulation No. 27 of 2026 on the Protection of Online Transport Workers.
The regulation includes the provision of work accident insurance (JKK), health insurance, and a fairer revenue-sharing scheme, around 92 per cent for drivers.