Experian has committed an undisclosed sum to Grab’s series H round, which stood at $4.8bn as of last month and already features SoftBank, Toyota, Microsoft and Ping An.
Singapore-based on-demand ride platform Grab on Friday secured an undisclosed amount of series H capital from consumer credit reporting company Experian’s investment arm Experian Ventures, adding to $4.8bn already raised.
Founded in 2012, Grab has built ride hailing service that is available in Singapore, Malaysia, Indonesia, Thailand, Vietnam, Cambodia, Myanmar and the Philippines. The company has also developed a mobile payment app, a food and parcel delivery service and pet transportation.
The company, which is targeting a $6.5bn close for…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
