On-demand ride service Grab has been revealed to have been a contributor to the $45m in series B funding bicycle rental network oBike raised in August.
Ride hailing service Grab has participated in a $45m series B round for oBike, the Singapore-based operator of a bicycle sharing network, TechCrunch has reported, citing a source with knowledge of the deal.
The funding was originally announced in August this year but Grab’s participation was not revealed, a statement by oBike mentioning only an investment from a “leading global transportation platform”.
The round also featured venture capital firm Grishin Robotics and several unidentified family offices in Southeast Asia. Grab…
