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May 18, 2021 | E-Commerce |
Gojek, Southeast Asia’s leading mobile on-demand services and payments platform, and Tokopedia, a technology company with the leading marketplace in Indonesia, have announced that they have combined their businesses to form GoTo Group, the largest technology group in Indonesia and the “go to” ecosystem for daily life.
The agreement marks the largest ever business combination in Indonesia and the largest between two Asia-based internet media and services companies to date.
GoTo brings together the strengths of two Indonesian champions and creates a globally unique and highly complementary ecosystem that combines e-commerce, on-demand and financial services. GoTo Group is Indonesia’s largest digital consumer platform, capturing a majority of consumer household expenditure. The Group’s comprehensive merchant and partner network will offer an unparalleled selection of goods and services and its leading payments and financial services business w