Ride-hailing major Grab raises $2 bn at $11 bn valuation
Southeast Asia's ride-hailing major Grab has raised $2 billion funding at a valuation of around $11 billion. The $2-billion figure includes a $1-billion investment from Toyota announced earlier in June and includes investors like OppenheimerFunds, Ping An Capital, and Mirae Asset, among others. The startup aims to expand its geographic reach and move into services like food delivery and payments.