The Southeast Asian ride hailing platform is reportedly in talks with SoftBank and Didi Chuxing to raise up to $2bn at a valuation of more than $5bn.
Singapore-based ride hailing platform Grab has entered talks with telecommunications group SoftBank and China-based on-demand ride service Didi Chuxing to raise up to $2bn, the Wall Street Journal reported on Friday.
The round would value Grab at more than $5bn, people familiar with the matter told the WSJ. That prospective figure would make Grab the most highly valued venture capital-backed company in Southeast Asia.
Founded in 2012 and originally known as GrabTaxi, Grab runs an on-demand ride service that spans…
