Existing investors SoftBank and Didi Chuxing invested $2bn at a $6bn post-money valuation, and Grab aims to use the money to expand its services far beyond ride hailing.
Singapore-based on-demand ride service Grab today confirmed it has secured $2bn from telecommunications and internet firm SoftBank and its China-based counterpart, Didi Chuxing, as the two investors continue to expand their influence in the world’s ride hailing sector.
The funding was raised at a post-money valuation of $6bn, a source told TechCrunch, double that at which the company last raised funding, in a $750m round led by SoftBank in September 2016. Grab said in a press release it expects to…
