Asian Uber-rival Grab gets 2.5 billion dollars on
The Asian Uber rival Grab has 2.5 billion dollars (about 2.1 billion) raised in a investment round.
That has the company announced Monday. Of the new investment amount is 2 billion dollar telecommunications company Softbank and the Chinese Uber competitor Didi Chuxing.
The investment is seen as an alliance between the Singaporean Grab and Didi, the earlier after a multibillion-guzzling competition with Uber in China at the longest end pulled.
Grab relies on $ 500 million of non-explained new and existing investors. The investment is this means a total of 2.5 billion dollars. Thus, the company is valued at more than $ 6 billion, making it the largest startup in the region.
The Asian taxiedienst is active in Singapore and in cities in Thailand, Malaysia and Indonesia. There are also taxi’s can be ordered through the app of Uber.
Recently merged competitor Uber in Russia with the taxi app Yandex, where Yandex has a majority shareholding.