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Davis Polk & Wardwell and Allen & Overy's Ginting & Reksodiputro are advising Indonesian payment, food delivery and ride-hailing app operator Gojek on investments from Facebook’s messaging app WhatsApp and PayPal with Freshfields Bruckhaus Deringer representing the latter.

The deal is a part of the Indonesian firm’s ongoing fundraising round, which previously saw investments Google and Tencent.

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, according to Reuters.

Reuters added that based on a regulatory filing, Facebook now owns now owns a 2.4 percent stake in Gojek’s fintech arm, while PayPal owns 0.6 percent of GoPay.

The move is expected to help Facebook and WhatsApp tap into Indonesia’s fast-growing e-commerce sector. The deal comes shortly after Facebook’s $5.7 billion investment in the digital arm of India’s Reliance Industries, according to Reuters.

The Davis Polk team was led by partner Miranda So.

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

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