SoftBank Vision Fund invested $1.46bn to take Grab's series H round, already backed by Toyota, Hyundai, Kia, Booking Holdings, Central Group, Yamaha, Ping An, Microsoft, Tokyo Century and KBank, to $4.5bn.
Singapore-based on-demand ride provider Grab confirmed today that it has raised $1.46bn from telecommunication firm SoftBank’s Vision Fund, increasing its series H round to more than $4.5bn in the process.
The round already includes $1bn from Toyota, $250m from fellow carmakers Hyundai and Kia Motors, $200m each from travel service Booking Holdings and shopping centre operator Central Group, $150m from motor vehicle producer Yamaha and $50m from financial services firm Kasikornbank.
Ping An Capital,…
