The Southeast Asian ride ordering platform is set to raise $1.5bn in a new round likely to include $1bn from longtime investor SoftBank.
Telecommunications and internet group SoftBank is set to invest $1bn in Singapore-based ride hailing service Grab as part of a $1.5bn funding round, Bloomberg reported on Friday, citing people familiar with the matter.
Launched in 2012 and originally known as GrabTaxi, Grab runs a diversified transport-on-demand platform that incorporates taxis, carpooling and motorcycles. The company has focused on Southeast Asia but last week expanded into its seventh country, Burma.
The proposed round would follow the pledge Grab made last month…
