Grab secures US$1.46b investment from SoftBank Vision Fund; eyes growth in Indonesia

Ride-hailing firm Grab has secured US$1.46 billion of fresh funding from the SoftBank Vision Fund, bringing the total investment in its latest financing round to over US$4.5 billion.RIDE-HAILING firm Grab has secured US$1.46 billion of fresh funding from the SoftBank Vision Fund, bringing the total investment in its latest financing round to over US$4.5 billion.

Grab's president Ming Maa noted that there has been"strong interest" both in terms of capital invested and the quality of strategic partners seeking to support the company's development. Grab is now looking to rollout on its open platform, services including on-demand video in partnership with HOOQ, digital healthcare in partnership with Ping An Good Doctor, insurance in partnership with ZhongAn International, and hotel bookings in partnership with Booking Holdings.

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