On Wednesday, WhatsApp, Facebook’s messaging platform, and PayPal Holdings Inc said, they have invested in ride-hailing, payment, and food delivery app operator Gojek, in the Indonesian firm’s latest funding round.
Although WhatsApp and PayPal did not disclose the size of the investment nor their stakeholdings, according to a Gojek investor, WhatsApp’s investment was “meaningful”.
In a blog post, WhatsApp’s Chief Operations Officer Matt Idema said the company would work with Gojek “to support the growth of millions of small businesses”.
The move is likely to further boost WhatsApp’s presence in Indonesia, where it has more than 100 million users.
The development comes just over a month since Facebook invested $5.7 billion in the digital arm of India’s Reliance Industries Ltd.
In a statement, PayPal International’s market head Cameron McLean, said, PayPal’s “payment capabilities would be integrated into Gojek’s services” and enable its users to use GoPay at PayPal merchants globally.
On its part, Gojek said, existing investors including Alphabet Inc’s Google and Tencent Holdings Ltd also joined the latest fundraising round, which valued GoJek at $10 billion.