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Grab may face tougher fight in Indonesia if Gojek, Tokopedia merge

Indonesia's ride-hailing giant and e-commerce pioneer reportedly exploring US$18b merger ahead of plan to go public in US and Indonesia

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Sharanya Pillai
Claudia Chong

Sharanya Pillai &

Claudia Chong

Published Tue, Jan 5, 2021 · 09:50 PM

    Singapore

    GRAB'S battle to dominate Indonesia, a market widely seen as the crown jewel of South-east Asia, could grow tougher, now that rival Gojek is reportedly exploring a US$18 billion merger with e-commerce giant Tokopedia.

    However, this does not imply a straightforward path to success for a merged Gojek-Tokopedia entity. Key obstacles include the fierce rivalry with Sea, as well as difficulties both companies have faced in expanding beyond their domestic markets, industry watchers say.

    GrabGojekTokopediaM&A

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