• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, July 8, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Grab raises $1.46 billion funding from the SoftBank Vision Fund

by Apoorv Anupam
March 6, 2019
in News
Reading Time: 2 mins read
0
Grab
TwitterWhatsappLinkedin

Grab

You might also like

Oracle Offers Steep Discounts to US Government as Stock Hits New Highs

Top 10 Richest People in India July 2025: Mukesh Ambani Leads the List

JioBlackRock’s Blockbuster Entry: ₹17,800 Cr Raised in Maiden NFO

06 March 2019, India:

Grab today announced it has secured US$1.46 billion of fresh funding from the Softbank Vision Fund (“SVF”). Toyota Motor Corporation, Oppenheimer Funds, Hyundai Motor Group, Booking Holdings, Microsoft Corporation, Ping An Capital, and Yamaha Motor also participated in the funding round.

This capital injection from SVF brings the total financing secured in Grab’s current Series H round to over $4.5 billion.

Grab will use the fresh capital to advance its super app vision in Southeast Asia, with the aim of bringing more every day services, greater accessibility and convenience to users. The company plans to expand its verticals such as financial services, food delivery, parcel delivery, content and digital payments, and roll out new services announced in 2018.

Built on Grab’s open platform, GrabPlatform, these services include on-demand video, in partnership with HOOQ; digital healthcare, in partnership with Ping An Good Doctor; insurance, in partnership with ZhongAn International; and hotel bookings, in partnership with Booking Holdings.

The company said in a statement that they plans to invest a significant portion of fresh proceeds in Indonesia. The company will also use the fresh capital to boost the expansion of GrabFood and GrabExpress and roll out new verticals in the country.

Anthony Tan, CEO and Co-founder, Grab said, “SoftBank and the Vision Fund are long-standing strategic investors and we are grateful for their continued support. The investment is a clear statement of belief in our vision to grow Southeast Asia’s technology ecosystem as the region’s Number 1 super app.”

Anthony Tan, added, “Looking ahead, we aim to continue improving the lives of many millions of Southeast Asians by providing enhanced income opportunities through our platform, and giving our users more choice and convenience.”

David Thevenon, Partner at SoftBank Investment Advisers, said, “We have been working alongside Grab for a number of years and are privileged to support the evolution of its user-driven technologies. This investment will help the company explore exciting new opportunities across on-demand mobility, delivery and financial services as it continues to grow its offline-to-online platform across Southeast Asia.”

Ming Maa, President, Grab, said, “We have been blessed with overwhelming shareholder support in our current fundraising round, with strong interest both in terms of capital invested and the quality of strategic partners seeking to support the continued development of Grab. We continue to receive new investor interest and look forward to welcoming more global industry leaders as partners in 2019.”

(Image – Grab)

Tags: fundingGrabInvestmentstartup
Tweet54SendShare15
Previous Post

Sales & Marketing Solutions Platform Benddit raises $250K Funding in Seed Funding

Next Post

Evolution of Adidas – From Laundry to Europe’s Biggest Brand

Apoorv Anupam

https://in.linkedin.com/in/apoorv-anupam www.twitter.com/apoorvanupam

Recommended For You

Oracle Offers Steep Discounts to US Government as Stock Hits New Highs

by Rounak Majumdar
July 7, 2025
0
Oracle Offers Steep Discounts to US Government as Stock Hits New Highs

Oracle has entered into a significant agreement with the US General Services Administration (GSA), offering federal agencies a 75% discount on its license-based software and substantial reductions on...

Read more

Top 10 Richest People in India July 2025: Mukesh Ambani Leads the List

by Rounak Majumdar
July 7, 2025
0
Top 10 Richest People in India July 2025: Mukesh Ambani Leads the List

ndia continues to cement its place as an economic powerhouse, now ranking third globally in the number of billionaires, trailing only the United States and China. As of...

Read more

JioBlackRock’s Blockbuster Entry: ₹17,800 Cr Raised in Maiden NFO

by Ishaan Negi
July 7, 2025
0
JioBlackRock’s Blockbuster Entry: ₹17,800 Cr Raised in Maiden NFO

In a landmark debut that’s already reshaping India’s asset management landscape, JioBlackRock Asset Management has stormed into the top league by raising over ₹17,800 crore (~$2.1 billion) in...

Read more
Next Post
adidas

Evolution of Adidas - From Laundry to Europe's Biggest Brand

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?