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Gojek, Tokopedia to keep ecosystem open despite GoTo merger
GoTo will refrain from making its ecosystem exclusive to Gojek and Tokopedia services. Observers say the merger will not impact competition within the Indonesian internet economy provided the company keeps its doors open to collaboration with other partners.
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Gojek riders wait for delivery orders at a distribution center in Surabaya on May 17. Gojek and Tokopedia have merged to form GoTo Group, creating the largest tech firm in Indonesia. (AFP/Juni Kriswanto )
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ecently merged tech unicorns Gojek and Tokopedia plan to keep their ecosystem open to other companies, including competitors, an executive has said, answering some questions about the merger’s impact on domestic business competition.
Tokopedia corporate communications vice president Nuraini Razak said that although GoTo would combine the companies’ mobility, e-commerce and financial services into one ecosystem, Tokopedia and Gojek would remain separate brands and planned to keep their doors open to partnerships with other companies.
“Tokopedia will continue to collaborate with other strategic partners,” she told The Jakarta Post on Monday.
The e-commerce platform allows payment with Gojek’s rival digital payment platform, OVO, as well as the use of bank transfers and credit cards. Tokopedia has yet to allow payment using Gojek’s e-wallet, GoPay.
Tokopedia forged its partnership with OVO in 2018 and also owns shares in in the company. Both firms were backed by Japan’s SoftBank.
Tokopedia still offers various delivery options from its partners, including Gojek’s GoSend, JNE, SiCepat and GrabExpress, the delivery arm of rival ride-hailing giant Grab.
On May 17, Gojek and Tokopedia announced the formation of a new entity called GoTo Group, which is now the country’s highest-valued tech firm at an estimated US$18 billion.
