SoftBank and Didi hand US$2 billion to Grab, making it SEA's most valuable startup
Tue, Jul 25, 2017 - 5:50 AM
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.
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,...