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The country’s top e-commerce platform Tokopedia is in talks to join forces with ride hailing and mobile payments giant Gojek with a view to a future IPO in the US and Indonesia, according to a Bloomberg report.
A merger would bring together Indonesia’s two most valuable startups to create a behemoth spanning online shopping, delivery, ride hailing and mobile wallets worth an estimated $18 billion. The parties have reportedly contemplated a merger for two years, but progress has sped up since discussions between Gojek and rival super app Grab came to a halt.
