We are delighted to announce Patrick Walujo, GoTo CEO and Co-Founder and Managing Partner of Northstar Group, as a Keynote Speaker at the Indonesia PE-VC Summit 2025.
Walujo, a seasoned investor and entrepreneur, will speak at a session titled ‘What will drive the next phase of tech disruption in SE Asia?’
The global liquidity crunch and prolonged funding winter have realigned the landscape for private capital flows since 2022, ensuring that only the fittest will survive.
Amid this tumultuous environment, GoTo Group undertook a massive leadership shakeup in June 2023 that saw Northstar Group managing partner Patrick Walujo taking over as the new CEO. In the driver’s seat, Walujo was widely expected to prepare the Indonesia-listed tech giant for a faster move toward profitability.
In a landmark deal in late 2023, GoTo agreed to sell a 75.01% stake in its e-commerce division Tokopedia to TikTok — the ByteDance-owned short video app. Walujo maintained that Tiktok saved Tokopedia from fierce competition in Indonesian e-commerce.
As an investor and the helmsman of GoTo, Walujo claimed he has done his best to make GoTo a sustainable and profitable company. We will quiz Patrick Walujo, an early investor in Gojek, on the progress achieved on the Group’s profitability target. For the six months ended June 30, 2024, GoTo narrowed its losses by 61%. Walujo will shed light on managing the heated competition and the need to tap the mass market for accelerated growth.
GoTo CEO also wears the hat of Co-Founder and Managing Partner of the Northstar Group, a Singapore headquartered private equity and venture capital firm.
Since its founding in 2003, the Northstar Group has raised five private equity funds and a venture capital fund and is now one of the largest private investors in Southeast Asia. The Northstar Group focuses on Indonesia with a current strategy of investing in the financial services, consumer and digital economy sectors. As an investor, Walujo believes that “If you have good ideas and if you are a good entrepreneur, there is a lot of capital available.”
Do catch this riveting session with Patrick Walujo on the way forward for the region’s tech startup ecosystem.
