Aug 17, 2009 CE
Tokopedia Founded
Tokopedia was founded by William Tanuwijaya and Herman Budi as an online marketplace in Indonesia. It went live on August 17, 2009, aiming to empower small businesses. #ecommerce #startup
Chronological Storyline (45 Milestones)
2009 CE
Gojek Founded as Call Center
Gojek was founded by Nadiem Makarim, Kevin Aluwi, and Michaelangelo Moran as a motorcycle ride-hailing call center in Jakarta, Indonesia. It initially operated with only 20 drivers. #startup #ridesharing
Jun 1, 2012 CE
Tokopedia Receives Series A Funding
Tokopedia secured $5 million in Series A funding from SoftBank and Sequoia Capital, marking one of the largest early-stage investments in Southeast Asian startups. #funding #startup
Jul 1, 2014 CE
Tokopedia Launches Mobile App
Tokopedia launched its mobile app to cater to the growing smartphone penetration in Indonesia, significantly boosting user engagement and transactions. #mobile #ecommerce
Jan 1, 2015 CE
Gojek Launches Mobile App
Gojek launched its mobile app for ride-hailing, allowing users to order motorcycle taxis directly from their phones. The app quickly gained popularity in Jakarta. #ridesharing #app
Apr 1, 2016 CE
Gojek Launches GoFood
Gojek introduced GoFood, a food delivery service that became one of its most popular offerings, enabling users to order from thousands of restaurants. #fooddelivery #superapp
Jun 1, 2016 CE
Gojek Launches GoPay Digital Wallet
Gojek introduced GoPay, an integrated digital wallet that facilitated cashless payments across its services, becoming a key fintech offering. #digitalpayments #fintech
Sep 1, 2016 CE
Tokopedia Achieves Unicorn Status
Tokopedia reached a valuation of over $1 billion, becoming one of Indonesia's first unicorn startups, reflecting its rapid growth in e-commerce. #unicorn #ecommerce
Apr 1, 2017 CE
Gojek Launches GoLife Services
Gojek introduced GoLife, offering home services like cleaning and massage, expanding its super app model beyond transport. #superapp #lifestyle
Aug 1, 2017 CE
Gojek Expands to Vietnam with GoViet
Gojek launched GoViet in Vietnam, its first international expansion, offering ride-hailing and food delivery services. #international #expansion
Sep 1, 2017 CE
Alibaba Invests $1.1 Billion in Tokopedia
Alibaba Group invested $1.1 billion in Tokopedia, strengthening its position in the Southeast Asian e-commerce market and adding to its dominance. #investment #ecommerce
Jan 1, 2018 CE
Gojek Enters Thailand and Singapore
Gojek expanded to Thailand under the brand GET and to Singapore, launching ride-hailing and food delivery services in both markets. #international #ridesharing
Apr 1, 2018 CE
Gojek Acquires Moka
Gojek acquired Moka, a point-of-sale (POS) system provider, to enhance its merchant services and expand into the fintech ecosystem. #acquisition #fintech
Aug 1, 2018 CE
Tokopedia Launches Fintech Services
Tokopedia launched its fintech division, offering digital payments (Tokopedia Pay) and lending products, expanding beyond e-commerce. #fintech #digitalpayments
Oct 1, 2018 CE
Tokopedia Launches Tokopedia Cabang for Offline Retail
Tokopedia introduced Tokopedia Cabang, a program to help offline retailers digitize their businesses, bridging online and offline commerce. #omnichannel #retail
Mar 1, 2019 CE
Gojek Acquires Loket
Gojek acquired Loket, an online event ticketing platform, to diversify its services and integrate ticketing into its super app. #acquisition #events
Jun 1, 2019 CE
Gojek Raises $1.3 Billion from Google, Tencent, and Others
Gojek closed a $1.3 billion funding round led by Google and Tencent, valuing the company at over $10 billion and fueling its expansion. #funding #unicorn
Oct 1, 2019 CE
Tokopedia Launches Tokopedia Play
Tokopedia introduced Tokopedia Play, a video shopping feature, blending live streaming with e-commerce to boost user engagement. #livestreaming #ecommerce
Oct 1, 2019 CE
Nadiem Makarim Steps Down as Gojek CEO to Join Cabinet
Nadiem Makarim left his role as Gojek CEO to become Indonesia's Minister of Education and Culture, with Kevin Aluwi and Andre Soelistyo taking over as co-CEOs. #leadership #government
By Ministry of Education, Culture, Research, and Technology of Indonesia - https://www.kemdikbud.go.id/main/tentang-kemdikbud/daftar-pejabat, Public domain, https://commons.wikimedia.org/w/index.php?curid=122891090
Dec 1, 2019 CE
Tokopedia Achieves $7 Billion Valuation Amid Series G
Tokopedia raised $1.5 billion in Series G funding, reaching a $7 billion valuation and attracting investment from PayPal and others. #funding #valuation
Mar 1, 2020 CE
Gojek Launches GoMed for Health Services
Gojek launched GoMed, connecting users with pharmacy deliveries and telemedicine services amidst the pandemic. #healthtech #covid
May 1, 2020 CE
Gojek and Tokopedia Faced Pandemic Challenges
Both companies adapted to COVID-19 by accelerating digital services, with Gojek launching health safety protocols and Tokopedia seeing a surge in online shopping. #pandemic #digitaltransformation
Oct 1, 2020 CE
Tokopedia Becomes Most Valuable Startup in Indonesia
Tokopedia reached a valuation of $7.5 billion, solidifying its position as Indonesia's most valuable startup, driven by strong e-commerce growth. #valuation #ecommerce
May 17, 2021 CE
Gojek and Tokopedia Announce Merger
Gojek and Tokopedia announced plans to merge, forming the GoTo Group, a digital super app combining ride-hailing, e-commerce, fintech, and logistics. #merger #superapp )
Jul 1, 2021 CE
GoTo Appoints Patrick Walujo as New CEO
GoTo appointed Patrick Walujo as CEO to lead the merged entity, succeeding the interim leadership team. #leadership #appointment )
Sep 1, 2021 CE
GoTo Launches Integrated Super App for Drivers and Merchants
GoTo rolled out a unified app for driver-partners and merchants, combining Gojek and Tokopedia’s backend systems to streamline operations. #superapp #platform )
Nov 1, 2021 CE
GoTo Raises $1.3 Billion in Pre-IPO Round
GoTo Group secured $1.3 billion in funding from investors including Telkomsel and Mitsubishi, ahead of its planned initial public offering. #funding #ipo )
Dec 1, 2021 CE
GoTo Merger Completed
The merger of Gojek and Tokopedia was formally completed, creating GoTo Group, Indonesia's largest digital ecosystem. #merger #tech )
Feb 1, 2022 CE
GoTo Launches Employee Stock Option Program
GoTo announced an employee stock option program to retain talent and align interests ahead of the IPO. #employee #stock )
Apr 11, 2022 CE
GoTo IPO on Indonesia Stock Exchange
GoTo Group went public on the Indonesia Stock Exchange (IDX) under the ticker GOTO, raising $1.1 billion in one of the largest IPOs in Asia that year. #ipo #stockmarket )
May 1, 2022 CE
GoTo Stock Price Declines Post-IPO
GoTo shares fell sharply after listing, reflecting broader market volatility and investor concerns about profitability. #stockprice #tech )
Jun 1, 2022 CE
GoTo Acquires Sistem as a Service Provider
GoTo acquired a small technology firm to bolster its internal tech capabilities, though terms were not disclosed. #acquisition #tech )
Aug 1, 2022 CE
GoTo Launches GoPay Later and Buy Now Pay Later
GoTo expanded its fintech offerings with GoPay Later, a buy-now-pay-later (BNPL) service, aiming to deepen financial inclusion. #fintech #bnpl
Dec 1, 2022 CE
GoTO Restructures Logistics Operations
GoTo announced a restructuring of its logistics business, merging mid-mile and last-mile operations to improve efficiency and reduce costs. #logistics #restructuring )
Feb 1, 2023 CE
GoTo Expands to Malaysia with GoSend Services
GoTo extended its logistics brand GoSend to Malaysia, offering cross-border delivery solutions for merchants. #expansion #logistics )
Mar 1, 2023 CE
GoTo Reports First Positive Adjusted EBITDA
GoTo reported its first positive adjusted EBITDA in Q1 2023, signaling progress towards profitability amid cost-cutting measures. #earnings #profitability )
Jun 1, 2023 CE
GoTo Partners with TikTok for Social Commerce
GoTo announced a strategic partnership with TikTok to integrate e-commerce into the platform, aiming to boost social commerce in Indonesia. #partnership #socialcommerce )
Oct 1, 2023 CE
GoTo Partners with Bank Mandiri for Digital Lending
GoTo collaborated with Bank Mandiri to offer digital loans to small merchants, expanding its fintech offerings. #fintech #partnership )
Dec 11, 2023 CE
TikTok Invests $1.5 Billion in GoTo
TikTok finalized a $1.5 billion investment in GoTo, taking a stake and deepening their alliance in e-commerce and ride-hailing. #investment #partnership )
Jan 1, 2024 CE
GoTo Rebrands Core App to Gojek-Tokopedia Integrated Platform
GoTo integrated Gojek and Tokopedia more closely under a unified app experience, merging ride-hailing and shopping features. #integration #superapp )
Mar 1, 2024 CE
GoTo Introduces Carbon-Neutral Delivery Options
GoTo launched carbon-neutral delivery options for GoSend and GoFood, partnering with environmental organizations to offset emissions. #sustainability #environment )
Apr 1, 2024 CE
GoTo Launches AI-Powered Personalization Features
GoTo introduced AI-driven recommendations and chatbots across its services to enhance user experience and operational efficiency. #artificialintelligence #tech )
May 1, 2024 CE
GoTo Stock Included in IDX Composite Index
GoTo shares were added to the Indonesia Stock Exchange composite index, boosting investor confidence and liquidity. #stockmarket #index )
Jul 1, 2024 CE
GoTo Launches Express Delivery for Groceries
GoTo launched a 15-minute grocery delivery service in Jakarta, competing with on-demand delivery startups. #logistics #grocery )
Aug 1, 2024 CE
GoTo Reports Narrowing Losses in Half-Year Results
GoTo reported improved financials with narrowing net losses and growing gross transaction value (GTV) in H1 2024, driven by cost discipline. #financials #growth )