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Interview

Grab plans 6 tech investments with fresh $2bn funding

Ride-hailer speeds up regional expansion in pressure to archrival Go-Jek

Grab and Go-jek, two wheels  may also stem from the change in Indonesia's transportation and logistics scene.

SINGAPORE -- Ride-hailing operator Grab plans to raise another $2 billion from SoftBank Group and other investors by the end of this year, hoping to use those funds to make at least six acquisitions or investments in tech companies, President Ming Maa told the Nikkei Asian Review in an interview on Monday, adding more pressure on its rival, Go-Jek.

Maa said Grab will use most of the $2 billion to bring mobile payments and other services to the competitive Indonesian market, Go-Jek's home base. Both companies are in a race to build out their digital ecosystems.

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