Ride-hailing startup Grab raises $50 mn from Thailand bank
Southeast Asian ride-hailing startup Grab has raised $50 million funding from Thailand commercial banking group Kasikornbank as part of a strategic partnership. The funding is part of an ongoing Series H round which includes investors like Microsoft and Hyundai. As part of the deal, the startup will launch the GrabPay electronic wallet in its sixth Southeast Asian market in 2019.