SoftBank Vision Fund to invest over $1 bn in Grab: Reports
Masayoshi Son-led Japanese conglomerate SoftBank's $100-billion Vision Fund is planning to invest over $1 billion in Southeast Asian ride-hailing startup Grab, which may even rise up to $1.5 billion, as per reports. SoftBank had first bought a stake worth $250 million in Grab in 2014. Founded in 2012, the Singapore-based startup has raised over $6.5 billion till date.