Indonesian unicorns to merge, creating tech giant

A Gojek rider delivering a Tokopedia package to a customer in Jakarta, as it was announced May 17 that Gojek and Tokopedia are to merge, creating the largest tech company in the world’s fourth most populous country. — AFP/GoTo Group

JAKARTA: Two of Indonesia’s most successful startups are to merge, the companies announced on May 17, creating the largest tech firm in the world’s fourth most populous country.

Ride-hailing and payments giant Gojek and e-commerce firm Tokopedia – which generated transactions worth a combined US$22bil (RM90.88bil) in 2020 – agreed to form the GoTo Group, they said in a statement.