Grab ramps up latest round to $2bn · Articles · Global Corporate Venturing
GCV Synergize 2018
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2 August 2018

Grab ramps up latest round to $2bn

A $1bn investment by Toyota was matched by backers including Ping An and Naver, valuing the on-demand ride service at $11bn post-money.

Author: Robert Lavine, News Editor

Singapore-based ride hailing platform Grab doubled a funding round featuring automotive manufacturer Toyota, insurance group Ping An and internet company Naver to $2bn yesterday.