KONTAN.CO.ID - JAKARTA. Grab, a ride-hailing decacorn, secured US$1.46 billion from Japanese venture capital firm SoftBank Vision Fund as part of its ongoing Series H funding round, bringing the total funds raised to $4.5 billion. The bulk of the Series H would be invested in Indonesia, which is Grab’s largest market, said the company in a press statement released on Wednesday. “Our target is to double the number of micro entrepreneurs in our system this year,” Grab Indonesia president Ridzki Kramadibrata told reporters in Jakarta.
Grab's secures US$1.46 billion, pledges to deepen presence in Indonesia
KONTAN.CO.ID - JAKARTA. Grab, a ride-hailing decacorn, secured US$1.46 billion from Japanese venture capital firm SoftBank Vision Fund as part of its ongoing Series H funding round, bringing the total funds raised to $4.5 billion. The bulk of the Series H would be invested in Indonesia, which is Grab’s largest market, said the company in a press statement released on Wednesday. “Our target is to double the number of micro entrepreneurs in our system this year,” Grab Indonesia president Ridzki Kramadibrata told reporters in Jakarta.