Softbank is all set to pour 1$ Bn in Southeast Asia’s ride-hailing major Grab, according to TechCrunch. SoftBank, which is already the largest shareholder of Grab, will reportedly make the investment through its SoftBank Vision Fund. The investment could reach as much as $1.5 Bn, TechCrunch claimed after citing an unnamed source.
Softbank and Grab have…
It seems to be raining funds for budget hotel startup Oyo Rooms. After having recently raised $800 Mn from SoftBank & other investors, the Gurgaon based startup is now said to be in talks with Singapore headquartered cab hailing major Grab for more investment. According to Economic times, Oyo is in advanced talks for $100…
Auto giant Toyota to invest in Grab.
Grab, Southeast Asia’s largest cab hailing company, announced on Wednesday that it will raise $1 billion from Japanese auto giant Toyota. Last year, Toyota had invested in Grab through its investment arm Next Technology. However, this time the Japanese auto giant has invested in the cab-hailing major on its…
Uber officially agrees to sell Southeast Asian business to Grab.
In what could turn out to be a watershed movement for Uber, the American ride-hailing giant on Monday officially confirmed that it has agreed to sell its Southeast Asian business to regional rival Grab. The deal marks Uber’s latest retreat from a highly lucrative international market…
Uber Inching close towards selling Southeast Asian Business to Grab.
Singapore based Grab, the market leader in Southeast Asia’s ride hailing market, is close on the heels of acquiring Uber Technologies business in the region, according to sources close to the matter. Sources claim that the high profile deal is most likely to be sealed in…
