GoTo says no merger decision made with Grab
- ByStartupStory | November 11, 2025
GoTo has officially stated that no decision has been made regarding a potential merger with its rival Grab, despite ongoing discussions and rumors. GoTo’s legal and corporate secretary emphasized that the company complies with regulations for public companies and has not agreed to any transaction with Grab at this stage.
The news comes amid heightened speculation fueled by Indonesian government involvement, including the sovereign wealth fund Danantara, which is reportedly participating in talks to potentially combine the two leading Southeast Asian ride-hailing and food delivery firms. A merger would create a dominant player controlling over 90% of Indonesia’s market, raising antitrust concerns.
While the Indonesian State Secretary and officials have confirmed ongoing discussions, GoTo maintains that these are preliminary and that no final agreement or corporate action has been decided. The company is focused on acting professionally and safeguarding the interests of all stakeholders including driver-partners, MSMEs, and consumers.
Shares of GoTo rose 9.8% to a three-month high following reports of the merger talks but investors remain cautious as the deal’s outcome is uncertain. The merge discussions are seen as part of the government’s broader effort to regulate the online transportation ecosystem in Indonesia to ensure sustainability and economic growth.
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