Superapp battle for Indonesia gets hotter as Grab & GoTo level up to take on Sea
Indonesia is poised for a three-way super app battle with Grab preparing for its US listing through a mega SPAC deal and Indonesia’s Gojek wrapping up its merger with e-commerce unicorn Tokopedia as they take on Southeast Asia’s most valuable public entity, Sea Group.
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Listing on SGX will enable Grab to have an investor base close to its regional business base.
Central bank norms prevent the merged entity from owning both OVO and GoPay.
