ID:
1554702944610690400
Mon, 2019-04-08 05:52
SINGAPORE: Grab expects to raise another $2 billion from strategic investors this year, the CEO of Southeast Asia’s biggest ride-hailing firm said, just weeks after it announced funding of over $4.5 billion in the region’s largest private financing round.
“We expect to raise $6.5 billion of total capital this year,” Anthony Tan said in an interview on Monday.
The funding will be a mix of debt and equity, the co-founder said, adding that Grab is looking to rapidly expand its business in financial services and food delivery.
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