Gojek, Tokopedia announce GoTo Group creation through merging services

Gojek, Tokopedia announce GoTo Group creation through merging services

Gojek and Tokopedia merger. ANTARA/HO

Today is a very historical day, with the formation of the GoTo Group while at the same time marking the next development phase for Gojek, Tokopedia, and GoTo Financial
Jakarta (ANTARA) - Two Indonesian start-ups -- Gojek and Tokopedia -- declared the formation of the GoTo Group resulting from the merging of their services.

According to a statement received here, Monday, Gojek's Co-CEO, Andre Soelistyo, will assume the role of the Group's CEO, while Tokopedia's President, Patrick Cao, will serve as the Group's president.

Meanwhile, Kevin Aluwi and William Tanuwijaya will respectively maintain their positions as Gojek's CEO and Tokopedia's CEO.

"Today is a very historical day, with the formation of the GoTo Group while at the same time marking the next development phase for Gojek, Tokopedia, and GoTo Financial. Gojek's driver partners will gain better income opportunities, including by delivering more orders from Tokopedia's users, while sellers and merchant partners from all scales of businesses will gain numerous benefits and opportunities to elevate their endeavors. Presence of the GoTo Group will also allow us to further push financial inclusion in Indonesia and South East Asia," Soelistyo stated on Monday.

It was stated that GoTo will merge several services, including e-commerce, delivery of goods, transportation, and finances.

"In future, the GoTo group will contribute over two percent to the total gross domestic product (GDP) of Indonesia and will create more jobs and opportunities for income along with the growth of our business and the economy. We are excited to begin this new chapter in the history of our business and will continue to conduct innovations to push further inclusive growth in every sector that our technology touches," Cao remarked.

The GoTo Group recorded a Gross Transaction Value of over US$22 billion last year, while the number of transactions totaled 1.8 billion in 2020.

The Group garnered 100 million monthly active users.

With investors, such as the Alibaba Group, Astra International, Google, JD.com, Telkomsel, Temasek, Tencet, Facebook, Paypal, and SoftBank Vision Fund 1, backing them, GoTo also envisions business expansion to several countries where Gojek is already operational.
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