According to information from The Information, Two unicorns of Southeast Asia Grab and Go-Jek are discussing a potential merger in the future.
Source from The Information The leaders of the two car-hailing companies have met several times in the past two years. The latest round of negotiations took place in early February in the presence of Grab Chairman Ma Ma and Go-Jek CEO Andre Soelistyo. However, the source said that the distance to an agreement of the two sides is still very far.
Answer the question DealStreetAsia“There is no merger plan between the two parties and the information on the media negotiations is not accurate,” Go-Jek spokesman said.
Follow The Information, Go-Jek wants a 50-50 deal if the merger occurs, while Grab wants to take a controlling stake.
Grab is currently valued at $ 14.3 billion while Go-Jek is valued at $ 10 billion. Grab and Go-Jek both attract many famous investors, with Visa and Mitsubishi being investors of both.
Investors in Grab and Go-Jek. Source: DealStreetAsia
Since its inception in 2010, Go-Jek has made 12 rounds of funding for a total of $ 3 billion. Meanwhile, the amount of money poured into Grab has surpassed the $ 9 billion mark. The company is also preparing to receive an additional $ 700 million from Mitsubishi UFJ Financial Group of Japan.