Thursday, Oct 01, 2020 | Last Update : 07:33 PM IST

189th Day Of Lockdown

Maharashtra1351153104994735751 Andhra Pradesh6811616123005745 Tamil Nadu5863975307089383 Karnataka5824584697508641 Uttar Pradesh3908753312705652 Delhi2730982407035272 West Bengal2505802198444837 Odisha212609177585866 Telangana1872111564311107 Kerala179923121264698 Bihar178882164537888 Assam169985139977655 Gujarat1332191132403417 Rajasthan1288591077181441 Haryana1237821059901307 Madhya Pradesh117588932382207 Punjab107096840253134 Chhatisgarh9856566860777 Jharkhand7770964515661 Jammu and Kashmir69832495571105 Uttarakhand4533233642555 Goa3107125071386 Puducherry2548919781494 Tripura2412717464262 Himachal Pradesh136799526152 Chandigarh112128677145 Manipur9791760263 Arunachal Pradesh8649623014 Nagaland5768469311 Meghalaya5158334343 Sikkim2707199431 Mizoram178612880
  Business   Companies  08 Apr 2019  Grab targets another USD 2 billion funding this year: CEO

Grab targets another USD 2 billion funding this year: CEO

REUTERS
Published : Apr 8, 2019, 12:28 pm IST
Updated : Apr 8, 2019, 12:28 pm IST

Grab is also looking to make at least six investments or acquisitions this year.

Uber acquired a 27.5 per cent stake in Grab’s business.
 Uber acquired a 27.5 per cent stake in Grab’s business.

Singapore: Grab expects to raise another USD 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 USD 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 told Reuters 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.

Grab is also looking to make at least six investments or acquisitions this year, said Tan, adding that the Singapore-headquartered company had no need for a stock market listing.

Grab’s massive financing round started shortly after it bought Uber’s Southeast Asian operations in March 2018 and, in return, Uber acquired a 27.5 per cent stake in Grab’s business.

Tags: garb, funds, investors
Location: Singapore, , Singapore