NEWS COMMENTARY

Grab announces plans for an additional $2 billion in its ongoing Series H; eyes acquisition as key next step

Published:
April 16, 2019
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It's nearly impossible to follow Grab's funding round from 2018 that has trickled into 2019 for a reported total of $6.5 billion, including the $2 billion that's planned for the remainder of this year. Grab and Go-Jek are driving up numbers from Southeast Asia's tech VC scene, which have continued to rise since 2017. This time, however, Grab CEO Anthony Tan stated that the company's Series H will go toward a series of acquisitions as the company transitions into its next phase of growth. With partnerships in financial services, insurance, and tourism and continued backing from loose spender SoftBank Vision Fund, it remains to be seen where Grab will make its first strategic acquisition, but it will unlikely be about the vehicle itself.

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