Besides Go-Public, Tiket.com Opens Opportunities to Join Super App

Plan news go public Tiket.com has revealed again, this time a statement made directly by George Hendrata as CEO. To Bloomberg, he confirmed that the company is considering a merger with a blank check company (SPAC). However, it is also exploring traditional IPOs.

Another interesting thing, George revealed that Tiket.com has the potential to join one of the great app in Southeast Asia as one of the corporate action options to be carried out. Although not named, the terminology generally refers to Gojek or Grab.

Previously Tiket.com and Gojek had collaborated released the GoTravel service in 2019. Gojek, who recently inaugurated GoTo with Tokopedia, also has a relationship with the Djarum Group as a shareholder. Blibli CEO Kusumo Martanto also serves as one board member di Gojek.

George himself directs Tiket.com after the company was acquired by Djarum Group through Blibli in 2017. Previously he served as Director of Djarum's Business Development/Diversification.

"[go public] definitely going this year. Traditional IPOs, too, looked at that, but for a full [business] trip recovery, it would take a year or even two. The SPAC option is faster," he was quoted as saying Bloomberg.

Previously, Tiket.com was in discussion with COVA Acquisition Corp. for a $2 billion merger deal. To DailySocial party Tiket.com has also confirmed, that the company's current valuation is above $1 billion.

In a separate interview, a representative from Tiket.com said that his party was exploring a number of strategic options, the IPO being one of them. "We have not been able to confirm the target schedule," he said.

Regarding the new funding round, his party said "We are supported by strong shareholders and ecosystems. We are open to exploring strategic partnerships that can synergize with us, so that we can both grow a stronger ecosystem."

Although the travel business has been severely disrupted due to restrictions amid the pandemic, Tiket.com is quite optimistic that 2021 will be a revival of the Indonesian tourism industry, based on the presence of vaccines, increasing travel demand, and hopes of reopening. travel bans around the world in the future.

Various product initiatives are also presented as a form of adjustment in the midst of current conditions. For example launching a HOMES ticket which gives customers options for non-hotel accommodation (home or villa) and Paylater ticket which provides convenience options in payment methods.

In addition, there are FLEXI tickets and CLEAN tickets, features that make it easy for customers to determine travel/vacation time preferences and can choose accommodation or tourist destinations that meet health protocol standards.

Option go public by unicorn local continues to shrink. Besides Tiket.com, other startups include Traveloka, Bukalapak, GoTo, and Kredivo is also said to be in the exploratory stage. Some are targeting to be able to realize the plan this year.