SINGAPORE -- Leading Southeast Asian ride-hailing operator Grab is investing heavily in smaller regional startups as the SoftBank Group-backed unicorn strives to expand the reach of its all-in-one app.
Chris Yeo, head of investment arm Grab Ventures, said in an interview with the Nikkei Asian Review that the Singapore-based company plans to make two to four new strategic investments in startups every year, targeting companies at Series B or higher fundraising stages. Most of these deals will be for minority stakes.
