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

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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.

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