AIA Group Joins Big Boys to Fuel Gojek

AIA Group joins a club of high-profile investors to participate in the ride-hailing and payments company’s latest funding round.

The Indonesian unit of AIA Group, AIA Financial, has invested in Indonesia’s Gojek as part of the latter’s Series F fundraising round. There was no mention of how much money AIA was investing in Gojek or how big a stake it would acquire.

AIA Financial will work with Gojek to provide life and health insurance services and wellness propositions to its users, drivers, and merchants across Indonesia, the insurer said in a statement on Wednesday.

According to Crunchbase, Gojek has raised a total of $3.1 billion in funding over 12 rounds. High profile investors in the company include Tencent Holdings and Temasek Holdings.

Launched in 2011, Gojek has evolved from ride-sharing to allowing its customers to make online payments and order everything from food to groceries and massage services.