The latest capital injection puts Grab on track to meet its aim to raise US$6.5 billion in total capital beween June 2018 and the end of this year to solidify its position as a technology leader in Southeast Asia.
SINGAPORE (June 27): Local ride hailing and financial e-services platform Grab has received an additional investment of US$300 million ($406.3 million) from existing investor Invesco.
This brings the global independent investment management company’s total investment in Grab to US$703 million. Invesco earlier this year acquired OppenheimerFunds, which initially invested US$403 million in Grab in July 2018.
