Gojek can finally push for that “super app” dream. After all, it caught some big fish yesterday.
US tech giants Facebook and PayPal have picked the Indonesian ride-hailing company as their bet to cash in on Southeast Asia’s much-anticipated digital boom. Specifically, payments and e-commerce.
The duo joins existing Gojek backers—tech leader Google and Chinese internet giant Tencent—in a new funding injection for the motorbikes-on-demand company which is valued at close to US$10 billion.
The size of the deal announced on 3 June was not disclosed, but Facebook invested US$300 million, according to a venture capital executive with knowledge of the agreement.