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SoftBank and Didi hand US$2 billion to Grab, making it SEA's most valuable startup

Tuesday, July 25, 2017 - 05:50

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The latest round of funding for Grab, Uber's biggest Asia rival, takes the startup's valuation to over US$6 billion and comes on the heels of Softbank setting up its mega US$93 billion Vision Fund.

Singapore

GRAB raised US$2 billion from Didi Chuxing and SoftBank Group Corp in the largest-ever venture fund-raising in South-east Asia, as it joins forces with the Chinese company that drove Uber Technologies out of China.

The deal cements a loose alliance between Didi and Grab,

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