Grab

Asian tech giants invest $2.5 billion in taxi-hailing service Grab

Asian tech giants invest $2.5 billion in taxi-hailing service Grab

Uber’s South East Asian competitor Grab has raised $2 billion (£1.5bn) from Japanese technology giant Softbank and its China-based equivalent Didi Chuxing.

Grab is expected to raise an additional amount of $500 million (£385m) from some other tech investors before the ongoing round of funding is closed, which would bring the total investment amount for the round to $2.5 billion (£1.9bn).

Location: 
Company: 

Popular Stories

Harley-Davidson to turn 8 Dyna motorbikes into new Softail bikes

Betting big on cruisers, the luxury motorcycle... Read More

Uber’s net loss declines as ride bookings grow

Uber Technologies reported lower loss by nearly 9... Read More

Samsung Galaxy Note 8 facing challenges on multiple fronts

The Samsung Galaxy Note 8 is facing an increasingly... Read More

Leaked reports reveal more about new BMW M5

Luxury carmaker BMW’s next-generation M5 car will... Read More