Grab Raises $2 Billion in Latest Funding Round
Singapore-based Grab, a leader within the ride-hailing market across Asia, has raised a further $2 billion in its latest round of financing.
A range of new and existing global investors took part, including Toyota Motor Corporation, Lightspeed Venture Partners, OPPENHEIMERFUNDS and Ping An Capital.
“We are honoured to welcome these top‐tier financial institutions into our roster of strategic investors and partners,” said Ming Maa, President of Grab.
The funds will provide Grab with the necessary backing to continue its growth strategy, particularly through facilitating its further expansion into Indonesia and broadening its service portfolio that now includes Grab Pay, Grab Food and Grab Express.