GoTo Holds the Highest Valuation in Indonesia

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Dwi Hadya Jayani 27/05/2021 10:30 WIB

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GoTo's combined valuation reaches US$18 billion. This makes GoTo the highest-valued unicorn in Indonesia, surpassing J&T Express, Bukalapak, Traveloka, and OVO.

Indonesia's Top 5 Unicorn Startup Valuations (May 2021)

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Indonesia's Top 5 Unicorn Startup Valuations (May 2021)

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Two Indonesian startups, Gojek and Tokopedia, have officially merged under the name GoTo. The combined valuation of these two unicorns reaches US$18 billion, the highest in Indonesia.

This valuation is based on Gojek's fundraising round in 2019 and Tokopedia's in early 2020. CB Insights estimates GoTo's post-merger valuation to reach US$40 billion.

J&T Express, a startup in the courier and logistics sector, is second on the list of Indonesian unicorns with the highest valuation. According to CB Insights, the company founded by Jet Lee and Tony Chen has a valuation of US$7.8 billion.

Bukalapak follows in third place with a valuation of US$3.5 billion. Meanwhile, Traveloka and OVO have valuations of US$3 billion and US$2.9 billion respectively.

For the record, a unicorn startup has a valuation exceeding US$1 billion. When its valuation rises to US$10 billion, the startup is upgraded to decacorn status. A startup's status changes to hectocorn when its valuation reaches US$100 billion.

Editor : Dimas Jarot Bayu

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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GoTo Holds the Highest Valuation in Indonesia

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