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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
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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