Mobile network operator Telkomsel provided $150m in funding for Indonesia-based on-demand ride provider Gojek today.
Gojek operates a mobile app that enables users to book rides as well as services such as package and food delivery in addition to accessing the company’s digital payment platform.
Telkomsel has offered affordable mobile data packages to Gojek drivers since 2018 and the companies plan to now work more closely together to help local small businesses expand by providing joint product bundles.
Gojek was targeting $3bn for an ongoing series F round that most recently got contributions of undisclosed size from digital payment processor PayPal and social media company Facebook in June this year.
Unnamed investors had supplied $1.2bn for the round in March, following undisclosed amounts from insurer AIA in September 2019, and diversified conglomerate Mitsubishi Corporation, payment services firm Visa and Siam Commercial Bank two months earlier.
The company received $100m from conglomerate Astra International for the round in March 2019, a month after raising $1bn from internet group Tencent, e-commerce firm JD.com, internet technology provider Google, Mitsubishi and Provident Capital.
Google, Astra, Tencent and JD.com had joined Allianz X, a subsidiary of insurance group Allianz, as well as local services platform Meituan-Dianping, e-commerce company Blibli, Warburg Pincus, Temasek and KKR to invest $1.5bn in Gojek across 2017 and early 2018 at a $4.8bn valuation.
Gojek had previously raised more than $550m from Rakuten Ventures, a subsidiary of e-commerce firm Rakuten, as well as KKR, Warburg Pincus, Farallon Capital, Capital Group Private Markets, Sequoia India, Northstar Group, DST Global, NSI Ventures and Formation Group in a 2016 round valuing it at $1.3bn post-money.
