Gojek and Tokopedia confirm merger with new entity: GoTo Group

GoTo Group is now one of Southeast Asia's largest technology conglomerates


Alfred Lee

17 May, 2021

Gojek and Tokopedia confirm merger with new entity: GoTo Group | BEAMSTART News

- From our Sponsors -

Two of Indonesia's largest tech startup companies, Gojek and Tokopedia, have merged into a single conglomerate entity, GoTo Group.

Both companies have been discussing the possibility of a merger earlier this year, which has finally come to fruition.

Key Highlights

  • GoJek and Tokopedia's merger will form GoTo Group.
  • GoTo Group will become one of Southeast Asia's largest technology conglomerates.
  • Discussion of the merger started our earlier this year, with both companies finalizing the details with their existing investors.

Why It Matters

  • GoTo Group could control a very large part of Indonesia's digital economy, and possibly even bolster Indonesia's GDP further.
  • Gojek initially held merger discussions with Grab last year, but the deal fell apart.
  • GoTo Group will compete directly with Grab and Sea Group (owners of Shopee)
  • GoTo Group's gross transaction volume (GTV) was over $22 billion in 2020, across more than 1.8 billion transactions.

- From our Sponsors -

Latest Jobs

UX designer

CloudEagle.ai

Palo Alto, United States

Full Time

Salary Undisclosed

Partnerships Lead

R2

Mexico City, Mexico, United States

Full Time

Salary Undisclosed

Operations Coordinator

hotglue

Washington, DC, United States

Full Time

Salary Undisclosed

Data & Finance Operations Associate

Paragon One

New York, United States

Full Time

Salary Undisclosed

Product Intern

Flagright

Berlin, Germany, United States

Internship

USD 1620 yearly

Founding Engineer

Anakin

New York, United States

Full Time

Salary Undisclosed

Fullstack JS Engineer

Zorba

Tel Aviv-Yafo, Israel, United States

Full Time

Salary Undisclosed

Senior Full Stack Engineer

Genei

London, United Kingdom, United States

Full Time

USD 80 — USD 100 yearly

Account Executive (Sales Head)

Scispot

Kitchener, Canada, United States

Full Time

Salary Undisclosed

Alfred Lee

Journalist at BEAMSTART. I write about breaking business news in the region.

Based in Malaysia

Work Experience Not Specified

Education Not Specified

beamstart.com

Also Mentioned

Related Topics

Mergers

More Related Stories

Community Discussions

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).