Two of Indonesia's most successful start-ups are to merge, the companies announced on Monday, creating the largest tech firm in the world's fourth most populous country.Ride-hailing and payments giant Gojek and e-commerce firm Tokopedia – which generated transactions worth a combined US$22 billion in 2020 – agreed to form the GoTo Group, they said in a statement.The deal will form an Indonesian tech giant combining e-commerce and financial services with on-demand offerings such as r

Lily (not her real name), a Malaysian woman in her late 20s, told The ASEAN Post that she once took a Grab ride for a short 10-minutes journey from her apartment in Petaling Jaya, a city in the state of Selangor to a train station nearby her home.

The tech world was recently abuzz with news that Grab was in a favourable position to acquire its long-time rival, Gojek.

The start-up ecosystem in Southeast Asia is thriving and maturing at a rapid pace, with capital increasingly being allocated to up-and-coming players.