Briefing
asia uber/lyft

Grab Raises $850 Million From Two Japanese Investors

By
Juro Osawa
· · Source: The Information

Grab, Southeast Asia’s biggest ride-hailing and food-delivery startup, said it had raised more than $850 million from Japanese bank MUFG and Japanese cloud services company TIS.  The investment comes as Grab, backed by SoftBank, is trying to cut its losses and reassure its shareholders that its business can eventually become profitable. Grab President Ming Maa, in a statement, described the...

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