Singapore-based ride-hailing startup continued its funding streak, acquiring another $200 million from Seoul-based private equity firm , according to a new report from .
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The new funding comes just six months after we reported that Grab, founded in 2012, secured more than $700 million from Japan’s largest bank, .
Excluding this new investment, Grab had across 29 reported rounds going back to 2013, according to Crunchbase data. News reports have put that figure over $10 billion.
It last raised an extensive Series H round in 2018 and 2019. In 2019, it received a investment from the, followed by a infusion with in the lead investor role as part of the Series H round.
Although Grab started off as a ride-hailing app, its services have expanded beyond that. Previously, we reported that the company wants to be an “everyday everything” app. It currently lets users book rides, meals and hotels, and offers payment services, among other features.
The company operates throughout southeast Asia, including Indonesia, Malaysia, Cambodia, Myanmar, Thailand, Vietnam and the Philippines.
So far in 2020, Grab has also made some investments of its own.
According to Crunchbase data: In April it was one of eight investors participating in a for , a Southeast Asia-based express delivery firm. Prior to that In February, the company made its in three years with the purchase of Singapore-based , a digital wealth tools provider.
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