Everything was manual: Employees called motorbike drivers one by one until someone accepted an order. Gojek was started as a call centre in 2010 by entrepreneur Nadiem Makarim to arrange courier deliveries in Jakarta. Mr Soelistyo's relationship with Gojek began when he was working at private equity firm Northstar Group, which became the first institutional investor in the upstart in its early days. Their boards and management teams have agreed on terms of the merger and are formally seeking approval for the combination from shareholders, putting the deal on track for completion as soon as this summer, Bloomberg News reported this month. Tokopedia and Gojek are in the final stages of completing a tie-up that would create the largest Internet company in the world's fourth most-populous nation. Mr Soelistyo, 37, has spearheaded Gojek's diversification into consumer services and overseen more than $5 billion of fund-raising from investors, including Google, Tencent Holdings, Astra International, KKR & Co and Warburg Pincus. In picking Mr Soelistyo, the merged company, which is targeting a valuation of up to $40 billion, is betting on a former private equity investor to keep the business growing. Mr Patrick Cao, president of Tokopedia, will retain that title at the new entity, they said. Indonesia's two most valuable start-ups are set to form a holding company called GoTo, of which Gojek's shareholders will have 58 per cent and Tokopedia's owners the rest, said the people, who asked not to be named as the information is private. View source version on businesswire.JAKARTA (BLOOMBERG) - Gojek co-chief executive officer Andre Soelistyo is set to head the Indonesian app giant to be created when the transport and delivery provider merges with e-commerce company PT Tokopedia, according to people familiar with the matter.
Today, Tokopedia has been empowering millions of merchants and users through our marketplace platform, logistics, payment, and financial technology. Our vision is to build an ecosystem where everyone can start and find anything.
Tokopedia’s mission is to democratize commerce through technology. I am pleased to join Tokopedia and contribute my experience to support the company’s aspiration for inclusive economic development,” said Agus Martowardojo, President Commissioner of Tokopedia.Īgus Martowardojo received numerous accolades in his tenure, including The Best Central Bank Governor in Asia Pacific from Global Markets (EuroMoney) in 2017 Finance Minister of the Year for Asia Pacific from The Banker (Financial Times) in 2012 and Asia’s Best Executive from AsiaMoney in 2006. “Tokopedia has been consistent in its mission to empower Indonesian society through technology and support an economy that is fast-growing, balanced, and sustainable. His guidance will help accelerate our mission to democratize commerce through technology.” Agus Martowardojo’s experience and wisdom will be invaluable to Tokopedia and our leaders as we enter our 10th year and grow to become a world-class technology company. Tokopedia CEO and Co-Founder William Tanuwijaya said, “Mr. In the same period, Agus also developed Bank Mandiri’s business through acquisitions, joint ventures, and strategic alliances.Īgus joins Tokopedia as the company enters a new phase of growth and develops its ecosystem into infrastructure-as-a-service (IaaS) to empower and strengthen Indonesia’s economy in an inclusive manner, both online and offline. During this period, Indonesia achieved an improvement in its debt rating from Fitch and Moody’s to investment grade status.įrom 2005-2010, while he served as President Director of Bank Mandiri, Agus led the company’s transformation in which he strengthened Bank Mandiri’s performance, developed strategic business units, significantly reduced non-performing loans, and reinforced a performance-based and high integrity company culture.
Agus played a role in increasing state revenues, improving the efficiency of state expenditures, and strengthening governance. He issued innovative policies, including the Bank Indonesia 7-Day Reverse Repo Rate, that strengthened the transmission of monetary policy and integrated inflation controls across Indonesia.ĭuring his tenure as Minister of Finance from 2010-2013, Agus managed Indonesia’s fiscal policy in a disciplined and effective manner to drive growth and improve economic resilience. As the Governor of Bank Indonesia, Agus was active in maintaining the stability and resilience of the Indonesian economy by optimizing monetary, macroprudential and payment policies as well as management of Rupiah circulation. Agus Martowardojo has over 30 years of experience as a banker, Finance Minister and Central Bank Governor.