Ride hailing platform Grab raised the money from the travel and accommodation booking service through a partnership deal that will allow them to offer each other's services.
Travel and accommodation booking platform Booking Holdings invested $200m in Singapore-based ride hailing and mobile services provider Grab yesterday in connection with a strategic partnership.
Grab operates an on-demand ride service in Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam, Myanmar and Cambodia that has added services such as food, package and shopping delivery, all of which can be paid for through its own mobile payment system.
Booking Holdings, which was formerly known as Priceline, made the investment as part of…
