<article>Gojek co-CEOs Andre Soelistyo and Kevin Aluwi on Tuesday sought to reassure the company&#8217;s employees and counter speculation that the startup had held talks with rival Grab for a potential merger.</article>

Gojek co-CEOs Andre Soelistyo and Kevin Aluwi on Tuesday sought to reassure the company&#8217;s employees and counter speculation that the startup had held talks with rival Grab for a potential merger.
In an internal letter sent to employees, the joint CEOs said the media report that suggested merger talks had taken place between the management of the two companies was &#8220;not accurate and there are no plans for any sort of merger.&#8221;
Gojek, they added, is on track to secure more capital for its growth.
“Our current funding round is going very well (expect an announcement soon) and you can rest assured that the Gojek you know and love will continue on as planned,” the letter reads.
&#8220;We are building a business that makes the lives of consumers easier, while also contributing to society and generally making the world a better place, particularly for our partners. It is this belief system that really sets us apart against our competitors&#8230;,&#8221; reads the co-CEOs&#8217; letter, a copy of which was seen by DealStreetAsia.
Citing anonymous sources, The Information had on Monday reported that merger talks between Grab and Gojek had gained traction over the last couple of months, culminating in a meeting between Grab president Ming Maa and Gojek CEO Soelistyo earlier this month. It added that both sides were still a considerable distance from a potential deal.
Gojek was quick and firm in its denial of the said development. In response to DealStreetAsia’s query, a Gojek spokesperson said: “There are no plans for any sort of merger, and recent media reports regarding discussions of this nature are not accurate.”
For Indonesia’s most valued startup, the news comes as it is in the process of raising its Series F funding round, for which it is targeting to amass a total capital of about $2.5 billion. The capital is seen as much needed ammunition for Gojek in its fierce battle with SoftBank-backed Grab in both Indonesia and the rest of Southeast Asia.
Less than 24 hours after the rumoured merger was reported, Grab announced it was raising up to $706 million from Mitsubishi UFJ Financial Group Inc (MUFG) and $150 million from Japanese IT services firm TIS Inc to further build out its financial services.

In a letter sent to employees, the joint CEOs said a report on talks with rival Grab for a potential merger was "not accurate."

No merger plans, funding round on track, Gojek co-CEOs tell employees

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No merger plans, funding round on track, Gojek co-CEOs tell employees

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SE Asian giants Gojek, Grab in merger talks: Report