Grab Holdings and Indonesia’s GoTo (parent company of Gojek and Tokopedia) have restarted merger discussions, according to a report by DealStreetAsia. Sources familiar with the matter indicate that talks have gained momentum in recent weeks, with both companies viewing 2025 as a favourable period for such a move.
Both Grab and GoTo have worked towards profitability following their stock-market listings in recent years. While their financial performance has improved, intense competition for users has kept service pricing in check, limiting profit margins.
It is said that previous merger attempts faced significant obstacles, including disagreements between the two parties and regulatory concerns over market dominance in key regions such as Indonesia and Singapore. In February last year, GoTo released a statement denying that it was in any discussion with Grab regarding a potential merger.
While the current discussions signal a renewed push for consolidation, there is no certainty that they will result in a final deal. Both Grab and GoTo have declined to comment on the matter.
(Source: DealStreetAsia)
