Grab raises $200 million from Thai retailer Central Group
Southeast Asian ride-hailing startup Grab has raised $200 million in funding, to be invested in its Thailand unit, from Thailand's retail conglomerate Central Group. As part of the deal, Central Group will acquire a "significant non-controlling stake" in the startup. Founded in 2012, the Singapore-based startup has raised a total of $7.3 billion in funding till date.