KONTAN.CO.ID - SINGAPORE. Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia have agreed to a merger to create a multi-billion dollar tech company called GoTo in the country's largest-ever deal. The combined entity, which will span online shopping, courier services, ride-hailing, food delivery and other services in Southeast Asia's largest economy, will be the biggest privately held technology company in Southeast Asia It plans to list in Indonesia and the United States later this year, company executives said. In a joint statement on Monday, the companies said their combined past valuation was $18 billion based on fundraisings done in 2019 and early 2020.
Indonesia's Gojek, Tokopedia merge to create tech giant
KONTAN.CO.ID - SINGAPORE. Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia have agreed to a merger to create a multi-billion dollar tech company called GoTo in the country's largest-ever deal. The combined entity, which will span online shopping, courier services, ride-hailing, food delivery and other services in Southeast Asia's largest economy, will be the biggest privately held technology company in Southeast Asia It plans to list in Indonesia and the United States later this year, company executives said. In a joint statement on Monday, the companies said their combined past valuation was $18 billion based on fundraisings done in 2019 and early 2020.