Jakarta, Indonesia, – Gojek, Southeast Asia’s leading mobile on-demand services and payments platform, and Tokopedia, a technology company with the leading marketplace in Indonesia, today 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. Deal is backed by major investors including Alibaba Group, Astra International, BlackRock, Capital Group, DST, Facebook, Google, JD.com, KKR, Northstar, Pacific Century Group, PayPal, Provident, Sequoia Capital India, SoftBank Vision Fund 1, Telkomsel, Temasek, Tencent, Visa and Warburg Pincus.Combination is the largest ever in Indonesia and the largest between two Asia-based Internet and media services companies to date.GoTo Group will unlock new income-earning opportunities for millions of drivers, merchants and entrepreneurs.
GoTo ecosystem encompasses 2% of Indonesia’s GDP 1 and will continue to expand, serving Indonesia’s 270 million consumers, as well as other fast-growing and emerging markets across Southeast Asia.GoTo Group combines e-commerce, on-demand and financial services, creating the first platform in Southeast Asia to host these three essential use cases in one ecosystem.
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