1. Startups

Gojek-Tokopedia Merger Officially Completes, Launching the New Entity "GoTo"

The GoTo Group has a total Gross Transaction Value (GTV) of over $22 billion in 2020

Gojek and Tokopedia officially merged to form a new entity "GoTo" today (17/5). GoTo combines e-commerce, on-demand and financial services into one ecosystem. The combination is said to spread around Indonesia, and the largest one of the two internet companies in Asia.

It was supported by the ranks of the two companies' main investors. Those are Alibaba Group, Astra International, BlackRock, Capital Group, DST, Facebook, Google, JD.com, KKR, Northstar, Pacific Century Group, PayPal, Provident, Sequoia Capital, SoftBank Vision Fund 1, Telkomsel, Temasek, Tencent, Visa, and the Warburg Pincus.

The GoTo Group ecosystem represents 2% of Indonesia's total GDP and will increasing serve 270 million Indonesian consumers and other developing countries in Southeast Asia. In the description, the GoTo Group has a total Gross Transaction Value (GTV) of more than $22 billion in 2020; more than 1.8 billion transactions in 2020; more than two million driver-partners registered as of December 2020; more than 11 million business partners as of December 2020; more than 100 million monthly active users.

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