Tokopedia had said an indirect listing via a special purpose acquisition company was an option. Reuters reported last month that Tokopedia received a merger approach from a blank-cheque acquisition firm. Gojek, Tokopedia and Grab declined to comment.Ī listing of the combined businesses could raise as much as $2 billion, two people said, in what could be one of the biggest IPOs by an Indonesian company. The combined entity would figure in the top 10 Indonesian companies by market value and become one of the largest Southeast Asian tech companies.Īll the sources declined to be identified as the talks were private. The people said Gojek was last valued at just over $10 billion and Tokopedia at around $7 billion. To finalise a deal, Gojek and Tokopedia need to thrash out merger ratios and seek approval from their boards.
Negotiations gathered momentum in November last year after months of merger talks between Gojek and Grab faltered, they said.
Talks between the companies started in 2018, two people said. The broad terms are largely agreed," said one person. "These are amicable conversations between mutually trusted partners. The founders and some senior executives of Gojek and Tokopedia have been friends for the last decade and aim to finalise a deal in the first half, the people said. Three of the people with direct knowledge of the matter said Gojek and Tokopedia in late December agreed to conduct due diligence of each other's business. It'll pave the way for global growth and exits for several other high-growth startups from the region," said Varun Mittal, head of emerging markets fintech business at E&Y.Ĭommon investors in the pair, which are Indonesia's most valuable start-ups, include Temasek Holdings Pte Ltd, Sequoia Capital and Google.Īlibaba Group Holding Ltd and SoftBank Group Corp are among Tokopedia's investors, while Gojek's include Warburg Pincus LLC and Tencent Holdings Ltd. "An international listing for a regional internet group will showcase that Southeast Asia isn't a one-hit wonder. DKODING Media is not responsible for the correctness, topicality or the quality of the content.Bigger rivals in the space include Southeast Asian ride-hailing, food delivery and e-payments firm Grab, and Singapore-based regional internet company Sea Ltd, which commands a market value of $100 billion and operates e-commerce platform Shopee.Īs a merged company, decade-old start-ups, Gojek and Tokopedia would seek to expand market share and pursue profitability by offering services, such as grocery shopping and courier services from a single platform. DKODING Media is not responsible for the content provided or any links related to this content. To this day, Tokopedia has empowered millions of merchants and users across the marketplace and digital goods, financial technology and payment, logistics and fulfillment, including Mitra Tokopedia.
Tokopedia’s vision is to build a Super Ecosystem where anyone can start and discover anything. Tokopedia, as an Indonesian technology company, has a mission to democratize commerce through technology. Indonesians can find a variety of products with various attractive offers to make shopping more efficient. Tokopedia’s WIB campaign is routinely held every 25th to the end of every month. The involvement of various South Korean global megastar groups in Tokopedia’s previous Indonesia Shopping Time (Waktu Indonesia Belanja or WIB) campaigns was highly praised, triggering social media conversations even topping in worldwide trending topics. “In addition to connecting K-Pop fans in Indonesia and around the world with their favorite global megastars, we hope to maintain Tokopedia’s relevance and bring Indonesia’s name to the global stage,” said CMO and SVP of Tokopedia, Kevin Mintaraga. Fans can watch the show through the following link and are encouraged to set reminders as to not miss out the premiere. Worldwide communities can stream WIB: Indonesia K-Pop Awards on 25 November from 19.00 to 21.00 Jakarta Time (UTC+7) via Tokopedia Play within Tokopedia’s app and Tokopedia’s official Youtube channel. The WIB Indonesia K-pop Awards 2021 will be the first award show dedicated to K-pop fans in Indonesia, and will also present various special performances from the groups. WIB: Indonesia K-Pop Awards is an awarding event from Indonesian communities for the aforementioned global megastar groups whose fans have voted through Tokopedia.
0 kommentar(er)
