Gojek and Tokopedia merge to form GoTo

A Gojek promotional video showing a Gojek driver with a Tokopedia mascot © Gojek

The new entity, now Indonesia’s largest tech group, plans to go public in Indonesia and the US, targeting a $40bn valuation

Indonesian ride-hailing startup Gojek and e-commerce marketplace Tokopedia announced their long-awaited merger to form the GoTo Group, Indonesia’s largest digital services platform. The joint entity will provide ride-hailing, logistics, e-commerce, and a slew of fintech and SME-related services.The merger is thought to be a way for both companies to fend off competition from Singapore-based rivals Grab and Sea Group. Gojek is reportedly losing market share to Grab, while Tokopedia faces stiff competition from Sea Group’s Shopee. The ShopeePay e-wallet had also eclipsed GoPay and other Indonesi...
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Edited by S. Mani

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