China-based ride-hail player Didi Chuxing and SoftBank are investing a combined $2 billion in Grab, the dominant ride-hail startup in Southeast Asia. The startup also expects to raise an additional $500 million from other investors as part of this round.
Ride-hailing firm Grab to get $2.5 billion as firms pump funds into SE Asia startupsReuters
Uber competitor Grab has raised $2.5 billion from Asian tech giantsBusiness Insider
Grab Builds Out War Chest in a Fight for Car-Share DominanceU.S. News & World Report
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