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

Marketing Intern

Surf-N-Eat

United States

Internship

USD 12 — USD 15 monthly

Chief Executive Officer

Healthuno Healthcare India

Chennai, India (इंडिया)

Full Time

Salary Undisclosed

React Native Developer

SegWitz Sdn. Bhd.

Bandar Puteri Puchong, Malaysia

Full Time

MYR 4000 monthly

Affiliate Marketing Manager

Binance

Singapore

Full Time

SGD 2000 — SGD 2500 monthly

Senior Analyst, Product

Carsome

Petaling Jaya, Singapore

Full Time

Salary Undisclosed

Strategy and Growth Lead

Pluang

Jakarta, Indonesia

Full Time

Salary Undisclosed

3D Creative Designer

Nervape

Singapore , Singapore

Full Time

USD 4000 — USD 7000 monthly

Business Development Manager

Tourplus

Kuala Lumpur, Malaysia

Full Time

MYR 10000 — MYR 30000 monthly

Business Development Intern

BEAMSTART

Damansara Uptown, Malaysia

Internship

MYR 400 — MYR 500 monthly

HR Consultant/Recruiter

Fortune Cookie Wisdom Pte Ltd

Remote, Singapore

Contract / Freelance

Salary Undisclosed

Alfred Lee

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

Based in Malaysia

Works at BEAMSTART

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 news, events, and opportunities.

 

Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

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