Grab picks up $2 billion more to fuel growth in post-Uber Southeast Asia

Grab picks up $2 billion more to fuel growth in post-Uber Southeast Asia

6 years ago
Anonymous $oIHRkISgaL

https://techcrunch.com/2018/08/01/grab-picks-up-2-billion/

Grab, the ride-hailing service that struck a deal to take Uber out of Southeast Asia, has announced that it has pulled in $2 billion in new capital as it seeks to go beyond ride-hailing to offer more on-demand services.

The $2 billion figure includes a $1 billion investment from Toyota which was announced in June, and it sees a whole host of institutional investors join the Grab party. Some of those names include OppenheimerFunds, Ping An Capital, Mirae Asset — Naver Asia Growth Fund, Cinda Sino-Rock Investment Management Company, All-Stars Investment, Vulcan Capital, Lightspeed Venture Partners and Macquarie Capital.