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Grab, Uber Technologies Inc's biggest ride-hailing competitor in Southeast Asia, said it expects to raise US$2.5bil (RM10.71bil) in its latest financing round that will help bolster its leading position in the region and grow its payments platform.
SINGAPORE: Grab, Uber Technologies Inc’s fiercest rival in South-East Asia, is hunting for deals with funding from its biggest backer SoftBank Group Corp.
Grab, Uber Technologies Inc's biggest ride-hailing competitor in Southeast Asia, is likely to kick off a fresh round of fundraising "in the near future" as it seeks to develop offerings such as financial services.
PHNOM PENH: Singapore-headquartered Grab is open to further acquisitions after buying an Indonesian online payments startup, one of the co-founders of the Southeast Asia-focused ride hailing service said.
SINGAPORE: Grab, Uber Technologies Inc’s biggest rival in South-East Asia, will acquire Indonesian e-commerce startup Kudo for an undisclosed amount, striking its first deal since pledging to invest US$700mil in its largest market.
Southeast Asian ride-hailing firm Grab said it has agreed to buy Indonesian online payment startup Kudo, marking the first investment under a recently announced plan to commit US$700mil (RM3bil) to its largest market.
PETALING JAYA: South-East Asian ride-hailing platform Grab, the company co-founded by Anthony Tan who is from the family that built up the Tan Chong Motor group, is making a big bet on the Indonesian market with an investment of US$700mil over the next four years.
SINGAPORE: Go-Jek became Indonesia’s first billion-dollar startup by offering ride-hailing services that became ubiquitous in the country. Now the company is planning a second act in digital payments amid rising competition from local rival Grab and Uber Technologies Inc.