Grab raises US$750 mil in latest fundraising round

SINGAPORE (Sept 20): Ride-hailing service Grab has raised US$750 million ($1.02 billion) in its latest round of fundraising, led by SoftBank as well as other existing and new investors.

This new round of fundraising has now expanded Grab’s cash position to over US$1 billion.

“This latest funding, the largest in the history of Southeast Asia consumer technology, strengthens our ability to pursue those long-term goals as we continue to build on our market leadership,” says Anthony Tan, group ceo and co-founder, Grab.

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