Indonesia’s homegrown tech giants Gojek and Tokopedia, who are currently engaged in merger discussions, are said to be exploring various options including setting up a holding company structure that will house the unicorns as independent entities, according to sources familiar with the matter. Start...
On May 17, 2021, two of Indonesia’s biggest internet companies — ride-hailing and payments giant Gojek and e-commerce leader Tokopedia — announced an US$18 billion merger to create ‘GoTo Group’, in what is the country’s largest-ever business deal. The ultimate aim of GoTo woul...
Indonesian tech giants Gojek and Tokopedia announced that they have merged, forming a new entity called GoTo Group. The company, which is said to be planning an IPO, commands sprawling operations across the ecommerce, ridehailing, delivery services and payments sectors. It has a total gross tra...
Tokopedia, for a different sort of merger: one that will not create a monopoly, but instead go head to head with Sea Group—a mainstay in Southeast Asia’s tech sector that dominates food delivery, e-commerce, as well as payments in the region—and Grab, Gojek’s main ride-hailing com...
Tokopedia, for a different sort of merger: one that will not create a monopoly, but instead go head to head with Sea Group—a mainstay in Southeast Asia’s tech sector that dominates food delivery, e-commerce, as well as payments in the region—and Grab, Gojek’s main ride-hailing com...
The merger of Gojek and Tokopedia comes as competition is heating up in Southeast Asia, where technology companies compete for the wallets of over 650 million people. GoTo’s rival Grab also provides ride-hailing and on-demand services across eight countries in Southeast Asia, including Singapore...
The Gojek-Tokopedia merger announcement followedGrab's merger deallast month that was touted to be the biggest US equity offering, clocking an estimated $39.6 billion, including $4.5 billion cash proceeds. The deal also paved the way for the Southeast Asian mobile platform's much-anticipated publ...
“Indonesia’s ride-hailing and payments giant Gojek is in advanced discussions about merging with local ecommerce pioneer Tokopedia, ahead of a planned initial public offering of the combined entity,” reported Bloomberg, citing sources familiar with the situation. Should a deal materialize, the ...
StageMerger | Merged Total Raised$5.035B About Gojek Gojek delivers a one-stop-shop convenience service. It offers a variety of services that include transportation, logistics, payment, food delivery, and other on-demand services, by connecting users to driver-partners. Gojek offers products includi...
GoTo is combining e-commerce (Tokopedia), on-demand (Gojek) and financial services (Goto financial) to become a strong platform in Southeast Asia. GoTo ecosystem encompasses around 2% of Indonesia’s GDP and continues to expand, serving Indonesia’s 270 million consumers and other emerging market...