The Amazon of Indonesia? GoTo Group IPO Decacorn -- Gojek Merges With Tokopedia
Gojek, a CNBC Disruptor 50 company, and e-commerce player Tokopedia recently announced a merger to create the GoTo Group. GoTo plans to complete an IPO in 2021, which will be listed in Jakarta and the United States, with an expected valuation between $35 and $40 billion. This historic merger marks Indonesia's largest business deal. That's right, Indonesia has its very own decacorn -- a start-up unicorn with a valuation of more than $10 billion.
Indonesia offers tremendous growth opportunities. The Southeast Asian total addressable market is expected to triple to $309 billion by 2025, and $124 billion of that TAM is represented by Indonesia.
Combining Gojek and Tokopedia will create a tech giant comprising
Source Fool.com
