Gojek and Tokopedia merge to form GoTo: Reuters

Indonesian ride-hailing and payments firm Gojek and e-commerce firm Tokopedia are merging to form a tech company called GoTo, reported Reuters.

Indonesian ride-hailing and payments firm Gojek and e-commerce firm Tokopedia are merging to form a tech company called GoTo, reported Reuters. The news wire noted that GoTo is seeking a “pre-IPO funding that could enable it to raise about $2 billion followed by public market floats with a potential valuation of roughly $40 billion for the group.” Gojek’s backers include KKR and Warburg Pincus.

Source: Reuters