default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Report: Indonesian Tech Giants Tokopedia and Gojek Eye Merger and IPO

A person using the Gojek app. Getty Images.

The country’s top e-commerce platform Tokopedia is in talks to join forces with ride hailing and mobile payments giant Gojek with a view to a future IPO in the US and Indonesia, according to a Bloomberg report.

A merger would bring together Indonesia’s two most valuable startups to create a behemoth spanning online shopping, delivery, ride hailing and mobile wallets worth an estimated $18 billion. The parties have reportedly contemplated a merger for two years, but progress has sped up since discussions between Gojek and rival super app Grab came to a halt.



In This Article
Organisations
Location

© 2021 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
Voices2021
© 2021 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions and Privacy policy.
Voices2021