In a giddy press release Grab announced that it’s super-sizing its current funding round to US$6.5 billion ($8.8 billion). Series H has already raised US$4.5 billion, including US$1.46 billion from Masayoshi Son’s SoftBank Vision Fund, and it plans to collect another US$2 billion before the year is out.
(April 9): One sentence from Grab Holdings Inc. co-founder Anthony Tan sums up the outlook for the dumpster fire that is Southeast Asia’s increasingly toxic taxi wars.
“I met Masayoshi-san last week where he gave his unlimited support to power our growth.”
