WhatsApp, the Facebook-owned messaging platform, and PayPal Holdings Inc have invested in Gojek, a payment, food delivery, and ride-hailing app operator as part of the Indonesian firm’s ongoing fundraising round.
WhatsApp and PayPal did not disclose the size of the investment or the stakes they would receive. A Gojek investor told Reuters the WhatsApp investment was “meaningful”.
WhatsApp Chief Operations Officer Matt Idema in a blog post said his company would work with Gojek “to support the growth of millions of small businesses”.
The move is likely to significantly strengthen WhatsApp’s presence in Indonesia, where it has more than 100 million users. It comes just over a month since its $5.7 billion investment in the digital arm of India’s Reliance Industries Ltd.
Market head at PayPal International, Cameron McLean, in a statement said PayPal’s “payment capabilities would be integrated into Gojek’s services” and enable its users to use GoPay at PayPal merchants globally.
Gojek was founded in 2010 as a ride-hailing firm and has since evolved into a one-stop app through which users can make online payments and order food and services. It is active in four markets and owns an e-wallet startup in the Philippines.
Gojek in a statement said existing investors Tencent Holdings Ltd and Alphabet Inc’s Google also joined the latest fundraising round, which people with direct knowledge of the matter said valued the firm at $10 billion.
