Merger has helped improve unit economics: GoTo's Patrick Cao

(L to R) Akito Tanaka, Chief business news correspondent at Nikkei Asia, with Patrick Cao, GoTo President at Asia PE-VC Summit 2021

The combination of ride-hailing and e-commerce has made the group stronger in terms of diversification of business, revenue, and bottom line, which wouldn’t be possible as a single-use case player, said Patrick Cao, President, GoTo Group.

GoTo Group, formed by the merger of Indonesian ride-hailing major Gojek and e-commerce unicorn Tokopedia, has been operational as a merged entity for over five months. 

Speaking at a fireside chat titled “GoTo: Value creation where the whole is greater than the sum of parts,” at the Asia PE-VC Summit 2021, Cao said, “It [the merger] has helped to compete with other competitors in Indonesia, the largest economy in the region, also in the other markets, including Singapore and Vietnam.” 

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