Grab likely to raise $2 billion in latest funding round

Uber technologies’ peer Grab is set to raise $2 billion in its latest funding round, with $1 billion coming from Toyota Motor Corp.

On Wednesday, the Wall Street Journal reported citing sources familiar with the matter at hand as saying, ride hailing firm Grab Inc is likely to raise around $2 billion in its latest funding round.

This round saw Japan’s Toyota Motor Corp, had invest $1 billion, said WSJ.

When requested to comment on the matter, Grab declined to comment.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s