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Grab Singapore Announces Additional Measures to Support Partners and Customers During Circuit Breaker Period

In view of stricter measures implemented to contain further spread of COVID-19, Grab Singapore announced today a series of additional initiatives to better support driver-partners, businesses and customers who continue to use the platform during this period.

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    Business

    Grab Announces Didi Chuxing and SoftBank As Lead Investors for Current Round of Financing

    • Strategic investment of a combined US$2.0 billion by Didi Chuxing and SoftBank deepens partnership with Grab
    • Grab expects to raise US$2.5 billion in total in current financing round
    • New financing to support Grab’s efforts in strengthening its dominant market position in on-demand transportation and payments in Southeast Asia

    Business

    Grab Celebrates Fifth Anniversary and Significant User Milestones

    • 3x growth in last year to 45 million downloads, and up to 2.5 million daily rides
    • Has provided higher incomes for nearly 1 million drivers and reduced travel time in half across Southeast Asia since founding
    • Adds GrabNow, New Service to Digitise Street Hailing