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Indonesia's Gojek, Tokopedia to merge as GoTo Group


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Indonesia s Gojek, Tokopedia to merge as GoTo Group
Indonesian ride hailing company Gojek and e-commerce firm Tokopedia said Monday that they are merging, in the largest ever deal in the country’s history
By ZEN SOO AP Technology Writer
May 17, 2021, 7:31 AM
• 2 min read
SINGAPORE Indonesian ride hailing company Gojek and e-commerce firm Tokopedia said Monday that they are merging to form the GoTo Group.
The companies said the deal was Indonesia s biggest ever, based on historical fundraising rounds for Gojek, priced in 2019 and Tokopedia, priced in early-2020, that put the combined past valuations of both companies at $18 billion. ....

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Indonesia's Gojek, Tokopedia to merge as GoTo Group | iNFOnews | Thompson-Okanagan's News Source


Zen Soo
A Gojek driver, left, gives a helmet to a customer in Jakarta, Indonesia, Monday, May 17, 2021. Indonesian ride hailing company Gojek and e-commerce firm Tokopedia said Monday that they are merging, in the largest ever deal in the country s history. (AP Photo/Achmad Ibrahim)
May 17, 2021 - 7:06 AM
SINGAPORE (AP) — Indonesian ride hailing company Gojek and the country s biggest e-commerce firm Tokopedia said Monday that they are merging to form the GoTo Group, adding to surging competition in Southeast Asia that is attracting billions of dollars from investors.
The companies said the deal was Indonesia s biggest ever, based on historical fundraising rounds for Gojek, priced in 2019, and Tokopedia, priced in early-2020, that put the combined past valuations of both companies at $18 billion. ....

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