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

Grab receives $1.46 billion from SoftBank Vision Fund

Latest fundraising round of Southeast Asia's super app tops $4.5bn

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

SINGAPORE -- Grab on Wednesday announced that it has secured $1.46 billion in new funding from the SoftBank Vision Fund as it seeks to strengthen its market share in the region and fend off rival Go-Jek.

The provider of Southeast Asia's largest ride-hailing app has now raised more than $4.5 billion in its latest fundraising round. Other investors in the Series H round include Toyota Motor, Microsoft and Ping An Capital.

Sponsored Content

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

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

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