SINGAPORE > Thailand based Kasikornbank is set to invest $50 million in Singapore based ride hailing company Grab

Kasikornbank logo Thailand based Kasikornbank is set to invest $50 million in Singapore based Grab. This makes Kasikornbank the largest investor in the Singapore technology startup’s ongoing fundraiser. Additionally, with the new investment Grab will also be able to launch its in- app GrabPay electronic wallet in Thailand. Launching in Thailand will be Grab’s sixth Southeast Asian market. Grab’s main competitors in More …

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 …