Gojek riders wait for their delivery orders at a distribution centre in Surabaya on May 17, 2021, as Gojek and Tokopedia unveiled a merger to form GoTo Group, creating the largest tech firm in the world's fourth most populous country.
Juni Kriswanto—APF/Getty Images
March 30, 2022 6:26 AM EDT

GoTo Group, an Indonesian “super-app” with 100 million users offering everything from ride hailing, shopping, and entertainment to payments and financial services, is set to expand even more this year. That’s thanks to a planned $1.26 billion IPO this April that’s expected to value the company at nearly $29 billion. Formed last year in a blockbuster merger, GoTo Group previously raised more than $1.3 billion in November from investors looking to ride the wave of Southeast Asia’s rapidly growing digital economy, which is expected to double to $360 billion by 2025.

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