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Grab bets on Vietnam, Malaysia in bid for super app status

Unicorn aims to expand reach beyond Singapore and Indonesia with startup investments

Chris Yeo, head of Grab Ventures, says the ride-hailing company looks to give back to the startup community in Southeast Asia. (Photo by Kentaro Iwamoto)

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.

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