SINGAPORE -- Southeast Asia's largest ride-hailing operator Grab is on track to raise another $1 billion from investors by the end of this year, in what is to be a fresh bout of fundraising for the region's biggest "unicorn," or billion-dollar startup, the Nikkei Asian Review learned Friday.
Six-year-old Grab has succeeded in attracting more than $6 billion in total funding, led by Japan's SoftBank Group and Chinese ride-hailing company Didi Chuxing. With the new round of fundraising, Grab will have raised $3 billion this year alone, including $1 billion from Toyota Motor.
