Ride-hailing firm Grab to get $2.5 billion as firms pump funds into SE Asia startups

Publication: Reuters,

Ride-hailing firm Grab expects to raise $2.5 billion to spend extending its lead over Uber Technologies Inc and expanding into financial services, in the latest injection of funds into Southeast Asia’s burgeoning tech scene. Chinese peer Didi Chuxing and Japan’s SoftBank Group Corp (9984.T) will contribute most of the money, which a person close to the Singapore-based firm said would value it at $6 billion.

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