JAKARTA. Gojek and Tokopedia have officially united under GoTo, a new company with a total valuation of USD 18 billion. The said merger became effective today (17/5).
Andre Soelistyo, CEO of GoTo, claimed that this merger indicated a new development phase of Gojek, Tokopedia, and GoTo Financial. “The establishment of GoTo Group would allow us to promote financial inclusivity in Indonesia and Southeast Asia,” Soelistyo added in a statement received by idnfinancials.com today.
After this merger, Gojek and Tokopedia would still operate separately under a GoTo group ecosystem. Gojek would still be under the command of Kevin Aluwi as the CEO, while William Tanuwijaya leads Tokopedia as its CEO.
In the same official statement, this decision to merge both companies has gained support from Gojek and Tokopedia’s leading investors. They are Alibaba Group, PT Astra International Tbk (ASII), Facebook, Google, Paypal, Sequoia Capital, SoftBank, Telkomsel, Temasek, and Tencent.
In 2020, the GoTo group recorded a total gross transaction value (GTV) of over USD 22 billion. There have been over 2 million drivers, 11 million business partners, and 100 million monthly active users. (KR/ZH)