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Grab gets $2B from Didi and SoftBank to fuel bid to defeat Uber in Southeast Asia
#HTE
Grab, the ride-hailing company competing with Uber in Southeast Asia, has pulled in $2 billion of new financing from existing investors Didi Chuxing, the company that defeated Uber in China, and SoftBank. Didi said the round could expand to $500 million with input from other existing backers and new investors, too. A Grab representative confirmed that SoftBank’s Vision fund is not part… Read More
https://techcrunch.com/2017/07/23/grab-raises-2b-from-didi-chuxing-and-softbank/?ncid=rss
Grab, the ride-hailing company competing with Uber in Southeast Asia, has pulled in $2 billion of new financing from existing investors Didi Chuxing, the company that defeated Uber in China, and SoftBank. Didi said the round could expand to $500 million with input from other existing backers and new investors, too. A Grab representative confirmed that SoftBank’s Vision fund is not part… Read Morehttps://techcrunch.com/2017/07/23/grab-raises-2b-from-didi-chuxing-and-softbank/?ncid=rss