{"id":407692,"date":"2017-08-01T09:07:23","date_gmt":"2017-08-01T09:07:23","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/08\/01\/uber-rival-grab-to-raise-2-5bn-in-fresh-investments\/"},"modified":"2017-08-01T09:07:23","modified_gmt":"2017-08-01T09:07:23","slug":"uber-rival-grab-to-raise-2-5bn-in-fresh-investments","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/08\/01\/uber-rival-grab-to-raise-2-5bn-in-fresh-investments\/","title":{"rendered":"Uber rival Grab to raise $2.5bn in fresh investments"},"content":{"rendered":"<p><\/p>\n<div>\n<aside class=\"mashsb-container mashsb-main mashsb-stretched\">&#13;<br \/>\n                <\/aside>\n<p><!-- Share buttons by mashshare.net - Version: 3.4.4--><\/p>\n<p>South East Asian ride-hailing firm Grab has raised $2.5bn (\u00a31.9bn) in fresh funds, in what it says is the region\u2019s biggest ever round of investment.<\/p>\n<p>Didi Chuxing, which effectively ended Uber\u2019s ambitions in China, is one of the key backers.<\/p>\n<p>Along with Japan\u2019s Softbank, Didi will invest up to $2bn. The other $500m will come from new and current investors.<\/p>\n<p>Operating in seven countries, Grab is South East Asia\u2019s most popular ride-sharing firm.<\/p>\n<h2>\u2018Unassailable\u2019<\/h2>\n<p>Founded in Malaysia in 2012, it offers private car, motorbike, taxi, and carpooling services and holds 95% market share of \u201cthird-party taxi hailing\u201d in the region, operating nearly 3 million daily rides.<\/p>\n<p>Grab also runs a mobile payments business which customers can use to pay for rides and other services.<\/p>\n<p>The company hopes the latest funding round \u2013 will allow it to expand both the transport and payments businesses.<\/p>\n<p>Didi Chuxing dominates the Chinese ride-sharing market, and Softbank is one of Japan\u2019s largest technology companies run by entrepreneur Masayoshi Son.<\/p>\n<p>\u201cWith their support, Grab will achieve an unassailable market lead in ridesharing, and build on this to make GrabPay the payment solution of choice for Southeast Asia,\u201d Grab chief executive officer Anthony Tan said.<\/p>\n<p>The company has been steadily investing in the region to fight off competition from Uber and others. Earlier this year Grab bought Indonesian ecommerce business Kudo as part of a plan to invest $700m in the country, the firm\u2019s largest market.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#13; South East Asian ride-hailing firm Grab has raised $2.5bn (\u00a31.9bn) in fresh funds, in what it says is the region\u2019s biggest ever round of investment. Didi Chuxing, which effectively ended Uber\u2019s ambitions in China, is one of the key backers. Along with Japan\u2019s Softbank, Didi will invest up to $2bn. The other $500m will [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":407693,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-407692","post","type-post","status-publish","format-standard","has-post-thumbnail","category-technology"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Uber rival Grab to raise $2.5bn in fresh investments - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/08\/01\/uber-rival-grab-to-raise-2-5bn-in-fresh-investments\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Uber rival Grab to raise $2.5bn in fresh investments - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"&#013; South East Asian ride-hailing firm Grab has raised $2.5bn (\u00a31.9bn) in fresh funds, in what it says is the region\u2019s biggest ever round of investment. Didi Chuxing, which effectively ended Uber\u2019s ambitions in China, is one of the key backers. Along with Japan\u2019s Softbank, Didi will invest up to $2bn. The other $500m will [&hellip;]\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/01\\\/uber-rival-grab-to-raise-2-5bn-in-fresh-investments\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/01\\\/uber-rival-grab-to-raise-2-5bn-in-fresh-investments\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Uber rival Grab to raise $2.5bn in fresh investments\",\"datePublished\":\"2017-08-01T09:07:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/01\\\/uber-rival-grab-to-raise-2-5bn-in-fresh-investments\\\/\"},\"wordCount\":250,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/01\\\/uber-rival-grab-to-raise-2-5bn-in-fresh-investments\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Technology\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/01\\\/uber-rival-grab-to-raise-2-5bn-in-fresh-investments\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/01\\\/uber-rival-grab-to-raise-2-5bn-in-fresh-investments\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/01\\\/uber-rival-grab-to-raise-2-5bn-in-fresh-investments\\\/\",\"name\":\"Uber rival Grab to raise $2.5bn in fresh investments - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/01\\\/uber-rival-grab-to-raise-2-5bn-in-fresh-investments\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/01\\\/uber-rival-grab-to-raise-2-5bn-in-fresh-investments\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2017-08-01T09:07:23+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/01\\\/uber-rival-grab-to-raise-2-5bn-in-fresh-investments\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/01\\\/uber-rival-grab-to-raise-2-5bn-in-fresh-investments\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Uber rival Grab to raise $2.5bn in fresh investments - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2017\/08\/01\/uber-rival-grab-to-raise-2-5bn-in-fresh-investments\/","twitter_card":"summary_large_image","twitter_title":"Uber rival Grab to raise $2.5bn in fresh investments - Ghanamma.com","twitter_description":"&#13; South East Asian ride-hailing firm Grab has raised $2.5bn (\u00a31.9bn) in fresh funds, in what it says is the region\u2019s biggest ever round of investment. 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