Daily BriefsIndonesia

Daily Brief Indonesia: GoTo and more

In today’s briefing:

  • GoTo (GOTO IJ) – Let the Synergistic Journey Begin

GoTo (GOTO IJ) – Let the Synergistic Journey Begin

By Angus Mackintosh

  • GoTo (GOTO IJ)‘s announcement last week of the integration of GoFood into the Tokopedia app is a further signal of continuing synergies taking place across the ecosystem.
  • This latest move follows GoPay’s integration into Tokopedia, which exceeded expectations plus further integration with Bank Jago, and the introduction of GoPay coins common rewards all providing growing synergies.
  • GoTo is a unique proxy to the Indonesian digital economy covering more verticals than any other player, with huge potential for ongoing synergies potentially throwing off higher returns. 

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