Gojek to Focus on Vietnam and Singapore Expansion, Selling Its Thailand Branch to AirAsia

Gojek's Thai business was sold to AirAsia at $50 million (approximately 700 billion Rupiah) with additional share mechanism

Corry Anestia - 8 July 2021

Low-cost carrier AirAsia officially acquired Gojek's Thai business as a solid step into the digital business. As part of this agreement, Gojek will receive 4.76% of AirAsia's super app service stake.

As reported by Nikkei Asia, the deal was taken as AirAsia exploring delivery growth in Thailand. Gojek alone wants to shift its regional business focus to Vietnam and Singapore.

According to AirAsia's disclosure quoted by Nikkei, AirAsia's super app business is worth $1 billion (around 14 trillion Rupiah), while Thailand's Gojek is worth $50 million (around 700 billion Rupiah).

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