The new investments led by way of Japan’s SoftBank Group raised the Singapore-based totally firm’s overall capital to extra than $1.0 billion, it stated in a declaration.
Competition among Uber and local startups has grown fierce in Southeast Asia, home to more than 600 million human beings and a growing middle magnificence.
Grab is considered the leading journey-hailing platform within the place, working in almost twice as many towns as
Uber, with the startup claiming up to one.Five million bookings an afternoon.
Singapore nation funding organisation Temasek Holdings turned into an early investor in the firm.
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