Gojek-Tokopedia Officially Merged into GoTo

Gojek and Tokopedia finally merged to form the GoTo Group on Monday (5/17). The formation of GoTo combines e-commerce services, on-demand, as well as financial and payment services. GoTo's management said the merger resulted in creating the first platform in Asia Southeast, which presents three important services in one ecosystem.

The Merger of the GoTo Group is claimed to be the largest business collaboration in Indonesia and the largest collaboration between the two companies' internet and media services in Asia. The deal is supported by a range of key investors from the two companies, including Alibaba Group, PT Astra International Tbk, 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 Warburg Pincus.

"Today is a very historic day with the formation of the GoTo Group and marks the next phase of growth for Gojek, Tokopedia, and GoTo Financial," GoTo Chief Executive Officer (CEO) Andre Soelistyo wrote in a statement on Monday (5/17).

GoTo will open up bigger income opportunities from Gojek driver-partners by sending more orders from users
of Tokopedia. This merger has also enabled GoTo Finance to promote financial inclusion in Indonesia and Southeast Asia. Tokopedia Co-founder and CEO William Tanuwijaya said that the establishment of GoTo would also provide opportunities for micro, small and medium enterprises (MSMEs/UMKM) to develop their business.