Grab, Uber Technologies Inc's partner in Southeast Asia, said it plans to use the funds "to advance its superapp vision in the region”, diversifying further from its ride-hailing business.
SINGAPORE (Mar 6): Grab Holdings Inc says it has secured US$1.46 billion ($2 billion) of fresh financing from Japan's SoftBank Group Corp to help fund its expansion.
The capital raised through the nearly US$100 billion SoftBank Vision Fund brings the total amount raised by Grab in its latest funding round to more than US$4.5 billion, the ride-hailing company said in an emailed statement.
