The Southeast Asian ride hailing service aims to add $2bn to a $4.5bn round that includes SoftBank Vision Fund, Toyota, Hyundai, Ping An and Microsoft.
Singapore-based on-demand ride platform Grab intends to increase its latest funding round, which already includes several corporate investors, from $4.5bn to $6.5bn, CEO Anthony Tan told Reuters today.
Grab’s ride hailing service is available in Singapore, Malaysia, Singapore, Indonesia, Thailand, Vietnam, Cambodia, the Philippines and Myanmar, and it also provides food and package delivery as well as a pet transportation option.
The new financing will largely be committed to investments in Grab’s Indonesian business. It will consist of a mixture…
