Grab will invest RM1bil in Indonesian startups over the next three years through its newly launched innovation arm, as the ride-hailing firm aggressively pushes to cement its position in the South-East Asia’s largest economy.
The Singapore-based firm has raised US$2bil (RM8.2bil) in funding in recent months and also launched the Grab Ventures arm to develop technology start-ups in sectors beyond ride-hailing as it locks horns with Indonesia’s Go-Jek for regional dominance.
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