Gojek & Tokopedia merge to become GoTo Group & planned IPO
Our direct investment Gojek merges with the online retailer Tokopedia to form the GoTo Group. The merger of Indonesia’s two biggest start-ups creates Southeast Asia’s largest technology group. An IPO in Jakarta and New York is planned in the medium term.
The Group’s companies have 100 million monthly active users (MAUs) and posted 1.8 billion transactions in 2020. GoTo has an ecosystem that accounts for 2% of Indonesia’s gross domestic product.
Further information: https://techcrunch.com/2021/05/16/gojek-and-tokopedia-merge-to-form-goto-group/