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More start-up partnerships 'expected' following Gojek, Tokopedia merger talks
Indonesia may see more partnerships and mergers between start-ups operating in the country following merger talks between ride hailing firm Gojek and e-commerce platform Tokopedia as they seek efficiencies of scale.
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The Tokopedia app appears on a smartphone. (Courtesy of/Tokopedia)
Indonesia may see more partnerships and mergers between start-ups operating in the country following merger talks between ride hailing firm Gojek and e-commerce platform Tokopedia as they seek efficiencies of scale.
Willson Cuaca, cofounder and managing partner of East Ventures, an early backer of Tokopedia, said the COVID-19 pandemic had forced start-ups to think less with their egos and more with a collaborative spirit.
“COVID-19 is a major cause that forces bigger start-ups to plan strategically,” he wrote to The Jakarta Post on Tuesday.
The pandemic has disrupted businesses and supply chains throughout the world, including in Indonesia. However, several start-ups and technology companies have managed to grow during the outbreak as consumers turn to digital services to fulfill their daily needs.
Read also: Gojek in talks with Tokopedia for $18b merger: Bloomberg News
The e-Conomy SEA 2020 report by Google, Temasek and Bain & Company predicted that Indonesia’s digital economy would grow 11 percent year-on-year to US$44 billion last year despite the headwinds and would grow to $124 billion by 2025.
