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Gojek and Tokopedia have considered a potential merger since 2018, but discussions accelerated after deal talks between Gojek and arch-rival Grab Holdings reached an impasse refer to this web page, the people said. Grab chief executive officer Anthony Tan continues to resist pressure from SoftBank Group’s Masayoshi Son to give up some control in a combined entity with Gojek, said the people. The country’s two most valuable start-ups have signed a detailed term sheet to conduct due diligence of each other’s business, said the people, who asked not to be named as the discussions are private. Both sides see potential synergies and are keen to close the deal as soon as possible in coming months, they said. Fresh off a huge win with the DoorDash initial public offering, the SoftBank Vision Fund has another big potential payout brewing, with a possible exit in the works for Tokopedia, an Indonesia-based e-commerce company. Tokopedia didn’t comment on its valuation, but TechCrunch understands from a source that the deal values the company at $7 billion.
Customer Story
A lot of innovation happens for the first time in Indonesia because of the time machine effect. From Alibaba and JD, we observed that they have invested heavily in logistical and human services like Cainiao of Alibaba. Then we went back to the blank canvas and thought about the local resources here that China didn’t have five to 10 years ago. We realised we have Gojek, Grab, and Uber competing fiercely.
- It has pioneered the fresh dip category in India and continues to be the market leader.
- Earlier this year Dutch Airline KLM became the first to offer an “inspirational service” via Amazon Alexa.
- Furthermore, voice assistants are also predicted to play an increasingly important role in travel planning.
- If a language does not appear in the Input language list, the fonts for that language might not be installed.
- “Hackers often use social engineering tactics to send phishing emails to employees, which in return allows them access to different systems inside the company,” the e-mail reads.
- They do not share it except in aggregate form; no data is shared as to any individual user.
We choose Bazel as our painkiller because it is Fast & Reliable. It always produces the same artifact as long as you don’t change the input file. Another superpower that xcodebuild doesn’t have is Remote Caching. We want to push the feature as fast as possible, give the product team a platform to test and improve our end-user experience. Our developers are working on at least 1 feature at a time. Now, you do the math, with our 40 developers, how many builds needed per day?
More By Tokopedia
Then, East Ventures , CyberAgent Ventures , NetPrice , Softbank Ventures Korea and Sequoia Capital . From a business perspective, Tokopedia can bypass the procurement cycle and deploy the database service quickly as part of its Google Cloud subscription. By selecting Redis Enterprise on Google Cloud Marketplace, Tokopedia benefits from a simple and integrated bill that shows Redis Enterprise charges alongside Google Cloud usage fees.
Employing the dual listing plan, Tokopedia intends to not only tap into the deep pockets of U.S. investors , but also its homeland Indonesia. The company already commands respect in the overseas market, which is evident from the fact that Google invested $350 million in the startup in November 2020. Tokopedia, one of Indonesia’s biggest startups till date, may be eyeing an initial public offering worth at least $1 billion next year, according to a report byReuters. If successful, this could be the largest overseas listing by a southeast Asian start up till date. The company seeks to achieve this by opting for a dual listing in USA and Indonesia, which might value the company upwards of $10 billion. A combination with Gojek, a larger sprawling entity covering everything from food delivery to ride-hailing to payments, would expand the combined group’s offering.
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