Gojek and Tokopedia merge to form GoTo
- Indonesia
- 3 min read
- May 18, 2021
- By Putu Agung Wija Putera
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
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 Indo...
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