Electronics

Gojek and Tokopedia merge to create GoTo group

Gojek, Mobility and payment platforms, and e-commerce companies Tokopedia It was merged.

According to the statement, Indonesia-based companies are forming GoTo Group, Indonesia’s “largest digital consumer platform”.

The Group’s total transaction value will reach $ 22 billion in 2020, with more than 100 million monthly active users.

The statement further states: “The GoTo Group takes advantage of the great potential of Southeast Asia’s largest economy with a fast-growing middle class and a young, tech-savvy population. The GoTo Group is a fast-growing Gojek already operating. We will continue to focus on emerging markets. “

Recently attracted Gojek $ 300 million investment from network service provider TelkomselHas operations in Singapore, Thailand, Vietnam, and Indonesia.

Andre Soeristyo, co-CEO of Gojek Group, will lead the integration business as CEO of GoTo Group, and Patrick Cao of Tokopedia will become president of GoTo Group.

Cao said: It combines Gojek’s high-volume, high-frequency mobility transactions with Tokopedia’s high-value, medium-frequency e-commerce transactions.

“GoTo Group accounts for more than 2% of Indonesia’s GDP and will create more job and revenue opportunities as the company and economy grow. We look forward to the next chapter. As a catalyst for comprehensive growth. Pursuit of innovation. “

Kevin Aluwi, CEO and co-founder of Gojek, said: The region’s densest and fastest mobility network and the most comprehensive pool of merchants. “

The two companies say the total valuation in the past was $ 18 billion, based on past funding rounds.

https://www.phocuswire.com/Gojek-and-Tokopedia-merge-to-create-GoTo-Group Gojek and Tokopedia merge to create GoTo group

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