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24 July 2017

Big Deal: Grab snatches $2bn

Existing investors SoftBank and Didi Chuxing invested $2bn at a $6bn post-money valuation, and Grab aims to use the money to expand its services far beyond ride hailing.

Author: Robert Lavine, News Editor

Singapore-based on-demand ride service Grab today confirmed it has secured $2bn from telecommunications and internet firm SoftBank and its China-based counterpart, Didi Chuxing, as the two investors continue to expand their influence in the world’s ride hailing sector.