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GoTo

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About

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GoTo is a technology company that provides mobility solutions through various products and services. It operates globally and has its headquarters in Singapore. GoTo was originally established in 2010 as GoBis, a startup in Indonesia offering an on-demand motorcycle taxi service.


In 2015, it merged with a Malaysian company called GrabTaxi, forming Grab, a ride-hailing platform that extended its services beyond motorcycles to cars and other modes of transportation. In 2019, GoTo was spun off from Grab as an independent subsidiary, focusing on providing mobility solutions in Southeast Asia. The main products and services offered by GoTo include ride-hailing, food delivery, and digital payments.


Through its mobile application, customers can book rides with various transportation options, including taxis, motorcycles, and private cars. The food delivery service enables users to order meals from local restaurants and have them delivered to their doorstep. Additionally, GoTo offers a digital wallet called GoPay, allowing users to make cashless transactions for various services.


GoTo operates in multiple countries across Southeast Asia, including Indonesia, Malaysia, Thailand, Vietnam, and the Philippines. It has established partnerships with several major companies, such as Toyota Motor Corporation and Hyundai Motor Group, to explore further opportunities in the mobility industry. In terms of market position, GoTo is one of the leading mobility platforms in Southeast Asia, competing with companies like Uber and Gojek.


It has a strong presence in Indonesia, its largest market, where it holds a significant market share. GoTo has been successful in leveraging its extensive network and range of services to expand its user base and increase its sales globally. In recent years, GoTo has undergone significant changes and achievements.


In 2020, it received a $1. 2 billion investment from the Vision Fund of SoftBank Group, which further strengthened its financial position. GoTo has also expanded its business into new sectors, such as grocery delivery and healthcare services, as part of its growth strategy.


As of the latest updates, GoTo continues to innovate and expand its offerings to cater to the evolving needs of its customers. It remains a prominent player in the ride-hailing and mobility industry in Southeast Asia, striving to enhance its market position and strengthen its foothold in the region

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Company Type

Privately Held

Company Size

1001-5000

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