A Grab rider picking up deliveries from Champ’s Express in Kuala Lumpur.
SINGAPORE: Southeast Asian ride-hailing and food delivery giant Grab has raised $2 billion from its first term loan, in what it said was the largest institutional debt in Asia's technology sector, as the company expands its regional services.
The five-year senior secured loan was upsized from the initial $750 million after the company secured commitments from international institutional investors, Singapore-based Grab said in a statement on Monday.
