Ride-hailing company Grab is now valued at around $14 billion following fresh investment from SoftBank
SINGAPORE—Southeast Asian ride-hailing company Grab Holdings Inc. has raised $1.46 billion in fresh funding from Japan’s SoftBank Group Corp., which it will use to fuel its expansion beyond transportation services.
That brings the total from Grab’s latest fundraising round, over the past year, to more than $4.5 billion, the company said Wednesday. The SoftBank investment is through the conglomerate’s Vision Fund, which has stakes in some of the world’s most valuable tech companies.
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