Gojek gets cash and strong backers, but extracting synergies more challenging

Gojek co-CEOs Kevin Aluwi (left) and Andre Soelistyo

At the heart of Facebook and PayPal’s fresh investments in super app Gojek is the intrigue of three formidable networks coming together in Indonesia’s payments space.

Connecting those networks will probably be a fast and easy way for each player to accelerate footholds in new markets, industry observers told DealStreetAsia. But for Gojek especially, extracting meaningful economics once those connections are made is a considerably more challenging task and success is no guarantee — which is possibly comforting for its payment rivals.

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