Ride ordering platform Grab intends to provide $100m for Indonesia-based mobile and financial technology startups as part of a $700m investment drive in the country.
Singapore-based ride hailing platform Grab is set to invest $100m in startups based in Indonesia as part of a $700m push backed by the Indonesian government.
The Grab 4 Indonesia initiative will involve Grab investing $700m over the next four years to help Indonesia, its largest market by users, expand its digital economy. The company will open an R&D centre and expand access to mobile payment and financing in the nation.
The $100m will be provided through a social impact…
