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27 March 2017

SoftBank to drive $1.5bn round for Grab

The Southeast Asian ride ordering platform is set to raise $1.5bn in a new round likely to include $1bn from longtime investor SoftBank.

Author: Robert Lavine, News Editor

Telecommunications and internet group SoftBank is set to invest $1bn in Singapore-based ride hailing service Grab as part of a $1.5bn funding round, Bloomberg reported on Friday, citing people familiar with the matter.