Grab has raised $2.85bn this year, most of which came from corporate investors, but could potentially receive up to $1.5bn more from SoftBank Vision Fund.
Telecommunications and internet group SoftBank’s Vision Fund is considering investing at least $1bn in one of its portfolio companies, Singapore-headquartered ride hailing platform Grab, TechCrunch reported yesterday.
The news was disclosed by two sources with knowledge of the plan, one of which said the size of SoftBank’s investment could potentially reach $1.5bn. The deal would involve SoftBank’s existing stake in Grab being transferred to Vision Fund.
Grab runs an on-demand ride service that operates in eight Southeast Asian markets. It…
