Gojek completed the merger with Tokopedia to form GoTo Group.

Gojek, a mobile on-demand services and payments platform, completed the merger with Tokopedia, a technology company, to form GoTo Group, a technology group in Indonesia and the ecosystem. The deal was backed by investors including Alibaba Group, Astra International, BlackRock, Capital Group, DST, Facebook, Google, JD.com, KKR, Northstar, Pacific Century Group, PayPal, Provident, Sequoia Capital India, SoftBank Vision Fund 1, Telkomsel, Temasek, Tencent, Visa and Warburg Pincus. Financial terms were not disclosed. “Today is a truly historic day as we mark the beginning of GoTo and the next phase of growth for Gojek, Tokopedia and GoTo Financial. Gojek drivers will deliver even more Tokopedia packages, merchant partners of all sizes will benefit from strengthened business solutions and we will use our combined scale to increase financial inclusion in an emerging region with untapped growth potential. For the consumer, GoTo Group will continue to reduce frictions and provide best-in-class delivery of goods and services," Andre Soelistyo, GoTo Group CEO.