China-based ride-hail player Didi Chuxing and Softbank are investing a combined $2 billion in Grab, the dominant ride-hail startup in South East Asia. The startup also expects to raise an additional $500 million from other investors as part of this round.
Uber rival Grab to nab $2.5 billion in fresh funds from Didi Chuxing, SoftBank and othersCNBC
Uber rival Grab to raise $2.5bn in fresh investmentsBBC News
SoftBank and Didi to lead Grab’s $2.5b roundZDNet
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