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Top related persons:
GoTo - 1 Patrick Walujo - 1 Walujo - 1 Goldman Sachs - 1 Fanny Potkin - 1 Miyoung Kim - 1 Robert Birsel - 1
Top related locs:
SINGAPORE Indonesian Gojek HK The Jakarta U.S Singapore
Top related orgs:
Northstar Group - 1 Northstar - 1 Thomson - 1

Search resuls for: "Northstar Group"


2 mentions found


☆ New GoTo CEO Walujo may not stay in top job long - sources
  + stars: | 2023-06-14 | by ( Fanny Potkin | ) www.reuters.com   time to read: +2 min
SINGAPORE, June 14 (Reuters) - Incoming GoTo (GOTO.JK) CEO Patrick Walujo is planning to head the Indonesian technology company only temporarily and resign after improving profitability, as he splits his time between it and a private equity firm he co-founded, according to sources. The prominent Indonesian dealmaker, whose private equity firm Northstar Group was one of the earliest backers of GoTo's ride hailing business Gojek, was named as the CEO of GoTo last week. GoTo was created in 2021 through a merger of Gojek and e-commerce firm Tokopedia. Walujo, who will continue to manage Northstar, does not plan to stay for a full three-year term as GoTo CEO, said three sources, including people briefed by him and company investors. The sources said the timing of Walujo's tenure was likely to depend on how quickly he can trim spending and improve profits.
Persons: GoTo, Patrick Walujo, Walujo, Goldman Sachs, Fanny Potkin, Miyoung Kim, Robert Birsel Organizations: Northstar Group, Northstar, Reuters, Thomson Locations: SINGAPORE, Indonesian, Gojek, HK, The Jakarta, U.S, Singapore
☆ A former exec from Stripe and Uber is 'OK to give up 100x growth' to build a new business that will last
  + stars: | 2022-12-28 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +6 min
GajiGesa's Vidit Agrawal wanted to provide workers access to their wages as they earn it, between traditional end-of-month pay cycles. I'm OK to give up the 100% growth or 100x growth a year if I can build a revenue-based, sustainable business. Vidit Agrawal Co-founder, GajiGesa"I'm OK to give up the 100% growth or 100x growth a year if I can build a revenue-based, sustainable business," said Agrawal. Vidit Agrawal Co-founder, GajiGesaThey were already cutting costs for the first two operating years despite having $9 million in the bank, he said. Investors include January Capital, Northstar Group, European earned wage access company Wagestream and Next Billion Ventures.
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