Spending wisely, increasing app revenues and doing promos efficiently — that’s how Indonesian tech giant GoTo plans to achieve profitability, according to Catherine Hindra Sutjahyo, GoTo’s director/head of foods and Indonesia sales and operations.
In a fireside chat at DealStreetAsia’s Asia PE-VC Summit 2022, Catherine said: “We cannot spread too thin at this point; we need to have a stronghold in Indonesia. We are taking it one step at a time with a focus on profitability… and perhaps use that profitability [positive EBIDTA] in our market stronghold to expand further in future.”
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Watch the full video of the fireside chat that was held in Singapore in September: