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SoftBank close to pumping another US$500m into Grab

Move will deepen Japanese conglomerate's commitment in most valuable ride-hailing firm in South-east Asia: report

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Grab has raised over US$6 billion in total funding and its major backers include SoftBank, Chinese ride-hailing firm Didi Chuxing and Toyota Motor.

Singapore

SOFTBANK Group is reported to be nearing a deal to invest about US$500 million in Grab - a move that will deepen the Japanese conglomerate's commitment in the most valuable ride-hailing firm in South-east Asia.

SoftBank's investment will be