Indonesia’s GoTo, formed from the landmark merger of on-demand app Gojek and e-commerce company Tokopedia this year, expects to benefit from the diversification and economies of scale, which would not have been possible had the companies remained individual players.
“It [the merger] has helped to compete with other others in Indonesia, the largest economy in the region, also in the other markets, including Singapore and Vietnam,” said Patrick Cao, president, GoTo. He was 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 on Oct. 1.
