Grab has increased its latest round to $2.85bn with a $150m investment by its latest strategic partner, Yamaha Motor.
Small-vehicle manufacturer Yamaha Motor agreed today to invest $150m in Singapore-based on-demand ride provider Grab through a strategic partnership deal.
Formerly known as GrabTaxi, Grab operates a ride hailing service that spans eight Southeast Asian countries, and which now includes food and package delivery, all of which can be paid for through its GrabPay platform.
Yamaha’s investment will be added to a funding round that now totals $2.85bn which Grab has said it intends to close at $3bn by the…
