After Gojek-Tokopedia Merger: The Highest-Valued Startups in the World
Indonesia tech unicorns Gojek and Tokopedia announced the completion of a merger on Monday with the formation of a new entity called GoTo Group, which is now Indonesia’s highest-valued start-up at an estimated US$17 billion.
The merger would create an Indonesia presence among the top 20 unicorns in the world, which consisted of mainly Chinese and U.S. companies as well as one Swedish (Klarna), one Brazilian (Nubank), one Indian (One97 Communications), one British (Checkout.com) and one Australian (Canva) endeavor.
According to the CB Insights unicorn list, Chinese AI company Bytedance is the highest-valued startup – currently private, up-and-coming company – in the world. The parent company of TikTok is valued at $140 billion. Bytedance runs content platform Toutiao in China, which uses machine learning to tailor a newsfeed for each individual viewer out of traditional and new media sources.
According to CB Insights, there were more than 650 unicorn startups (companies valued at $1 billion or more) valued at a combined $2.2 trillion in the world as of April 2021.