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A Gojek-Tokopedia merger would give fillip to Indonesia's startup ecosystem

Published Thu, Jan 7, 2021 · 05:50 AM

Jakarta

THE potential merger between Gojek and Tokopedia - the two poster boys of Indonesia's digital economy - has been hailed by the country's investment community as a move that would bolster its fast-growing tech eco-system.

On Tuesday, it was reported that ride-hailing firm Gojek was exploring a US$18 billion merger with e-commerce giant Tokopedia, and eyeing an initial public offering (IPO) of the combined entity in Indonesia and the United States.

The news put paid to an earlier report of a potential merger between Gojek and its arch-rival Grab in I…

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