Business

What is Gojek (GoTo) and Tokopedia?

What is Gojek? One of the most popular apps in Indonesia is Gojek. If you are not from SEA or Indonesia, you’re probably asking yourself, “What is Gojek?”. At its core, Gojek is an app that is used for food & shopping, payments (fintech), transport & logistics, entertainment and many more Gojek services. Gojek is considered to be Indonesia’s biggest unicorn company that has built an on-demand empire across South East Asia. Share this Image On Your Site

Tokopedia IPO has this unseen halal market

Overview of Tokopedia business The Pioneer of halal focused e-commerce investment in Indonesia is undoubtedly Tokopedia. Tokopedia serves millions of customers (specifically a large halal market) and investors for more than a decade. A unicorn company, Tokopedia, is planning to go public in the year 2021 most probably with the merger of an on-demand service and payment firm called Gojek.  Tokopedia offers a large variety of services such as online retail, digital payment options, a portal for ti...

Gojek IPO and Indonesia’s biggest companies

Technology in Indonesia is growing at an incredible pace. Companies like Gojek and Tokopedia are set to merge and form a SPAC (See GOJEK and Tokopedia SPAC) shortly. Whether the merger lists under a Tokopedia IPO or as Gojek IPO (See when is the Gojek IPO) is yet to be seen but it could result in a company with an initial valuation of nearly twenty billion dollars (before an IPO). These two companies take up much of the tech news from Indonesia, there is, however, a much bigger tech scene to tak...

What is an SPAC and how does it impact a Gojek IPO?

Gojek IPO and the SPAC in Jakarta What you need to know: Firstly let me say this; before I got into fintech in Indonesia I had no idea what a SPAC was. I’m still a bit confused about the whole thing but according to Investopedia: A special purpose acquisition company (SPAC) is formed to raise money through an initial public offering to buy another company. Have a look over the Investopedia site for a broader definition as its outside of my scope at the time being. Grab app, a competitor to Gojek...

Why the Bank Jago investment by Gojek matters.

What you need to know: In December of 2020 Bank Jago announced that it would be receiving a major investment from the Gojek investment arm.  Jago was founded in 1992 in Bandung under the name PT Bank Artos.  Up until 2019, the bank offered traditional products before going through a restructuring in June 2020. The new focus of the bank is a technology first with the tagline “A Bank for everyone to grow together. With the Gojek IPO and Tokopedia merger on the horizon in December of 2020...

When will GoJek have an IPO?

Its no secret, I’m a fan of GoJek in Indonesia. I’ve been impatiently waiting to see when the Gojek IPO will occur for years. In 2018 I left my job for an indefinite hiatus and I’m still on it. On my journey, I came across GoJek and it became a lifesaver of sorts. Whisking down dusty backroads on the back of a scooter in a country whose language I couldn’t speak was magical. Getting western food delivered to my hotel, heaven. That just the tip of the iceberg of services offered on GoJek. Even go...