Gojek and Tokopedia announce Indonesia's 'largest ever' merger

Combined entity expected go public later this year under dual listing format

Indonesian startups Tokopedia and Gojek are creating one of Southeast Asia's biggest tech conglomerates. (Source photos by Dimas Ardian and Ken Kobayashi)

SHOTARO TANI, Nikkei staff writer

May 17, 2021 14:19 JST

Updated on May 17, 2021 19:29 JST

JAKARTA -- Two of Indonesia's largest tech startups, Gojek and Tokopedia, announced on Monday they will merge and look to go public this year, a move that will create one of Southeast Asia's biggest tech conglomerates and cover everything from ride hailing and digital payments to e-commerce.

The merger will reshape the competitive landscape of the region's tech scene, which will now primarily be based around a three-way battle of the titans between Singapore-based Sea, Grab and the newly formed GoTo Group, which will bring together Gojek and Tokopedia.