SINGAPORE > Japan based Toyota is set to invest $1 billion in Singapore based ride hailing firm Grab

Toyota logo Placing a big bet on Southeast Asia’s largest ride- hailing company, Japan based Toyota is investing $1 billion on Singapore based Grab making this the biggest ever investment by a traditional automaker in a ride- hailing firm. According to a person close to the company, the new investment values Grab at just over $10 billion. Grab also bought out Uber’s More …

INDONESIA > Singapore’s Grab to expand to Indonesia with $700Mn investment

JBxqVxWR5M6Df05qXCaUAA-grab_logo Singapore based ride hailing platform Grab to expand to Indonesia with $700Mn investment. Grab will cover different programs under ‘Grab 4 Indonesia’ which is its 2020 master plan that would involve 150 engineers over the next two years. Under ‘Grab 4 Indonesia’, a “Grab” ride hailing platform, a Research and Development Center and a social impact fund will be opened More …