May 17, 2021, 11.30 PM
Senior leadership of Indonesia's GoTo, an acronym formed from Gojek, ride-hailing and payments firm, and Tokopedia, e-commerce pioneer in Indonesia. Susunan petinggi Grup Goto, entitas baru hasil merger Gojek dan Tokopedia.Senior leadership of Indonesia's GoTo, an acronym formed from Gojek, ride-hailing and payments firm, and Tokopedia, e-commerce pioneer in Indonesia.


KOMPAS.com – Indonesian ride-hailing and payments firm Gojek and e-commerce pioneer Tokopedia are officially merged to create a tech giant called GoTo, CEO of Tokopedia William Tanuwijaya said in a statement posted on his Facebook account.

William said that GoTo is an acronym formed from Gojek and Tokopedia as well as symbolizing the spirit of mutual cooperation behind the merger.

“The merging of Gojek and Tokopedia with a strong vision and mission will truly boost the development of the country," William said.

Both Tokopedia and Gojek made the much-anticipated announcement in a video posted on their official YouTube account respectively.

Gojek CEO Andre Soelistyo will be CEO of the GoTo group, while Patrick Cao will become GoTo’s president.

Also readIndonesian Ride Hailing Giant Gojek Expected to Downsize Work Force

Andre will also continue to lead the payments and financial services business namely GoTo Financial, which includes GoPay services as well as financial services and business solutions for business partners. Meanwhile, Kevin Aluwi will continue to serve as Gojek CEO and William remains at his post as Tokopedia CEO.

“Today marks a historic day [for both companies] with the formation of GoTo Group and this also marks the next phase of growth for Gojek, Tokopedia, and GoTo Financial,” said Andre in a statement on Monday, May 17.

According to GoTo, as of December 2020, the group has a registered driver fleet of more than two million, more than 11 million merchants, and over 100 million monthly active users.
Their combined past valuation was $18 billion based on fundraising held in 2019 and early 2020.

GoTo recorded a total Gross Transaction Value (GTV) of more than $22 billion in 2020.
The company is backed by many big investors such as Alibaba Group Holding Ltd., Astra International, Facebook, Google, KKR, Visa, Telkomsel as well as Tencent and Temasek.

(Writers: Oik Yusuf, Kevin Rizky Pratama | Editors: Reska K. Nistanto, Oik Yusuf)

Sources: https://tekno.kompas.com/read/2021/05/17/12583867/gojek-dan-tokopedia-resmi-merger-menjadi-goto.

https://tekno.kompas.com/read/2021/05/17/16120047/perusahaan-baru-gojek-tokopedia-valuasi-rp-257-triliun-kontribusi-rp-314.



Comment wisely and responsibly. Comments are entirely the responsibility of the commentator as regulated in the ITE Law
Report
Thank You! We have received your report. We will remove comments that conflict with the Community Guidelines and the ITE Law.

More Headlines

Travel & Leisure
September 21, 2021, 11.11 AM

Bali Remains Closed for Foreign Tourists: Indonesia’s Minister

News
September 20, 2021, 11.22 PM

Java, Bali Remain in Partial Lockdown until Oct. 4

Travel & Leisure
September 20, 2021, 06.28 PM

Indonesia Announces New Covid-19 Entry Rules for Foreign Travelers

Close Ads X