If completed, Animoca Brands shareholders would own about 95% of the new company, with Currenc shareholders holding 5%.

About half of the IPO will consist of new shares, raising fresh funding for the firm.

Competitors such as Blinkit and Swiggy’s Instamart still charge handling and delivery fees for smaller orders.

The bundled packages are available for both prepaid and postpaid Telkomsel users, starting at 50,000 rupiah (US$3), and include up to two months.