ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Startups

Grab raises $2bn loan as digital competition heats up

Singapore unicorn diversifies financing sources to speed up expansion

Since it was established in 2012, Grab has raised billions of dollars mainly through equity.    © Reuters
KENTARO IWAMOTO, Nikkei staff writer | Singapore

SINGAPORE -- Singapore-based digital unicorn Grab has raised $2 billion in the company's biggest ever loan financing, it said Monday, to increase cash liquidity as it faces the prospect of digital competition heating up post-pandemic.

Read Next

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more

By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our Cookie Policy to learn how you can update your cookie settings.

Accept & Continue Close