Toyota participates in Grab's $2.5 billion fund raising
Southeast Asian cab-hailing startup Grab on Wednesday announced that Japanese automaker Toyota had participated in the on-going $2.5 billion funding round. It was led by existing investors China-based ride-hailing company Didi Chuxing and Japanese conglomerate SoftBank. The funding round will reportedly value the startup which operates across seven countries at $6 billion.n