GoTo seeks path to profitability as Gojek co-founder Kevin Aluwi steps back

Kevin Aluwi

A co-founder of one-half of merged Indonesian superapp GoTo has stepped away from day-to-day management, as the company struggles to turn a profit amid a downturn in the global technology industry.

GoTo Group was established in May last year through the merger of two big local startups: ride-hailing company Gojek and e-commerce platform Tokopedia. Both made their mark as unicorns, or private companies valued at more than $1 billion.

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