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July 29, 2019

SoftBank to Invest US$2 billion through Grab to Grow Indonesia’s Digital Infrastructure

  • Indonesia’s President Joko Widodo met with Masayoshi Son, Chairman & CEO of SoftBank Group and Anthony Tan, CEO of Grab
  • Investment will be used to digitize critical services for the country

    • Business
    June 27, 2019

    Invesco invests additional US$300 million in Grab

    Invesco Ltd.’s total investment in Grab grows to US$703 million, after initial US$403 million investment from OppenheimerFunds last year
    Business
    June 26, 2019

    Grab and Splyt partner to make it easy to get a ride anywhere in the world

  • Grab users can look forward to booking a ride anywhere in the world through the Grab app, enabled by Splyt’s global partnerships
  • Splyt also announces its US$ 8 million in Series A funding round, including investment from Grab

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    Tech & Product
    April 23, 2019

    Grab Introduces Four New Services in Singapore in its Super App

    Grab users will be able to do their daily journey planning, book hotels, purchase movie tickets and enjoy on-demand video content directly from the Grab app
    Tech & Product
    April 16, 2019

    Grab Brings its Fastest-Growing Service, GrabFood, into its Everyday Super App

    • The new GrabFood experience in the Grab app will be tested first in Southeast Singapore before the islandwide beta begins in May Food and beverage (F&B) merchant-partners and riders can look forward to more daily orders This move underlines Grab’s everyday super app strategy to provide the most frequently used daily services all in one app, bringing ultimate convenience to consumers

    Business
    March 29, 2019

    Grab’s new one-north headquarters to house up to 3,000 employees and its largest R&D Centre

    The regional tech champion launches Batch 2 of Grab Ventures Velocity programme and reaffirms long-term commitment to Singapore at groundbreaking ceremony of its new headquarters.

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    Business
    July 24, 2017

    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
    June 6, 2017

    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