SINGAPORE (Reuters) – Facebook Inc (FB.O) messaging platform WhatsApp and PayPal Holdings Inc (PYPL.O) on Wednesday said they have invested in payment, food delivery and ride-hailing app operator Gojek 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 (RELI.NS).
Reuters reported in April that Facebook was in talks with Gojek about an investment and was working with three e-wallet operators in Indonesia,…
Source Reuters Tech News
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