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2021-04-09
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Gojek, Tokopedia Seek Investor Approval After Deciding Merger Terms
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The management teams are aligned on strategy and their boards have given significant support, the person added.</p>\n<p>The two Indonesian tech pioneers have common investors, including Google,Temasek Holdings Pte and Sequoia Capital India. Tokopedia is also backed by Alibaba Group Holding Ltd., which has its own e-commerce unit in the region,Lazada.</p>\n<p>Indonesia’s two most valuable startups are in the final stages of completing a tie-up that would make them the biggest players in e-commerce and ride-hailing in Southeast Asia’s most populous nation. The two companies have discussed a variety of scenarios with the goal of ultimately listing the combined entity in both Jakarta and the U.S., which could be worth as much as $40 billion.</p>\n<p>Gojek had been in discussions with ride-hailing rival Grab Holdings Inc. about a possible merger, but those talks dragged on and ultimately collapsed. 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The management teams are aligned on strategy and their boards have given significant support, the person added.\nThe two Indonesian tech pioneers have common investors, including Google,Temasek Holdings Pte and Sequoia Capital India. Tokopedia is also backed by Alibaba Group Holding Ltd., which has its own e-commerce unit in the region,Lazada.\nIndonesia’s two most valuable startups are in the final stages of completing a tie-up that would make them the biggest players in e-commerce and ride-hailing in Southeast Asia’s most populous nation. The two companies have discussed a variety of scenarios with the goal of ultimately listing the combined entity in both Jakarta and the U.S., which could be worth as much as $40 billion.\nGojek had been in discussions with ride-hailing rival Grab Holdings Inc. about a possible merger, but those talks dragged on and ultimately collapsed. 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