Post by FutureTech University

Indonesian ride-hailing and payments giant Gojek and e-commerce platform Tokopedia have agreed to merge as GoTo Group, creating an Indonesian tech behemoth that could compete with bigger Southeast Asian rivals such as Grab and Sea Group. Gojek co-chief executive officer Andre Soelistyo will lead the combined business as Group CEO. GoTo could be worth at least $18 billion based on historical valuations derived from funding rounds of the two entities in the past two years, the companies said in a statement. GoTo is competing against Grab and Sea Group for supremacy in the race for the so-called super app in Southeast Asia, a market with a population of 650 million consumers. With over 100 million monthly active users, GoTo is Indonesia’s largest digital consumer platform offering e-commerce, on-demand and financial services. #hustlechronicle #viral #viralnews #businessnews #businessupdates #globalnews #global #gojek #andresoelistyo #tokopedia #technnews #techupdates