Tag "Grab"

Grab raises $2B from China’s Didi and SoftBank to take on Uber

By : CIOL Writers

Earlier this month there were reports about Grab raising nearly $2 billion from China’s Didi Chuxing and SoftBank. The deal has finally happened. The Singapore-based company has secured $2 billion and is expecting to raise an additional $500 million from existing and

Grab raising $2B from SoftBank and China’s Didi: Report

By : CIOL Writers

Uber’s biggest rival in Southeast Asia, Grab is said to be raising nearly $2 billion from SoftBank and China’s ride hailing firm Didi Chuxing, the Wall Street Journal reported. The deal which could be finalized in next few weeks could

Uber’s rival Grab to acquire Indonesian payment startup Kudo

By : CIOL Writers

Uber’s arch rival in Southeast Asia, Grab is acquiring  Indonesian online payment startup, Kudo, to bolster its mobile payments platform. Though neither party has disclosed the value of the deal, Reuters in February reported Grab’s plan to buy Kudo for over

Uber’s South-east Asian rival Grab opens R&D centre in Bangalore

By : CIOL Writers

Singapore-based cab-aggregator Grab is establishing a research and development centre in Bangalore that will focus on developing new technologies for its digital payments platform. However, despite the new office plans, Grab said it won’t launch consumer-facing operations in India. The Bangalore centre is

Honda announces strategic partnership with Uber’s rival Grab

By : CIOL Writers

Uber’s ride-sharing rival in Southeast Asia, Grab has secured second undisclosed investment in this month from Japan’s motorcycle manufacturer Honda, after raising an undisclosed investment from financial services firm Tokyo Century. In a bid to boost Grab’s motorbike ride service,