Toyota set to pour $1B into Grab at $10B valuation
June 14, 2018
Platform Software | Singapore | Late Stage
Toyota has agreed to invest $1 billion in Grab, the ridehailing company that agreed to buy Uber's Southeast Asia operations earlier this year. The financing reportedly values Grab at $10 billion, up from an estimated $6 billion valuation it reached in January with a $2.5 billion investment from SoftBank and Didi Chuxing.