Gojek was founded in 2010 by Kevin Aluwi, Michaelangelo Moran, and Nadiem Makarim. The Indonesian multi-service company merged with the ecommerce firm Tokopedia to form GoTo, a holding company that makes up 2% of Indonesia's GDP. GoTo plans to go public on the Indonesian Stock Exchange in April of 2022 with hopes of raising up to $28 billion. While the company has previously discussed the possibility of dual listings in Jakarta and New York, it has not elaborated on plans for an American IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Gojek, Indonesia's first unicorn, began as a ride-hailing app, but has since expanded to offer 20 unique services that include food delivery, payment processing, video streaming, package delivery, insurance, telehealth, medicine delivery, and web design. The company operates in Indonesia, Vietnam, Thailand, Singapore, the Philippines, and India. Gojek has acquired 13 companies and has received more than $6 billion in venture capital funding from investors including Astra International, Blibli, Google, Facebook, PayPal, Mitsubishi, Sequoia, Northstar Group, and Visa. The company has a post-money valuation of $10 billion.

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Updated on: Apr 20, 2024

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