Singapore’s ridesharing darling has nabbed another $200 million in strategic funding from travel conglomerate , the companies today.
This comes just months after the company raised $2 billion in an ongoing Series H round that included investments from (with which it also partnered), , and , among others.
Follow Crunchbase News on
The new strategic partnership means that Booking Holdings’s brands will have the ability to offer on-demand transport services through their apps, powered by Grab, and Grab customers will be able to book accommodations across the globe powered by Booking.com and online hotel reservations site , according to the companies’ .
, SVP and head of corporate development for Booking Holdings, said in the statement: “Grab has scaled impressively across Southeast Asia over the last few years, establishing itself as a recognized leader in an increasingly competitive space, and we’re excited to partner with them to build even better travel experiences through technology.”
The money just keeps rolling in for Grab. Earlier this month, tech giant announced it had as part of a deal that included collaborating on big data and AI projects, according to a TechCrunch .
The company is aiming to raise $3 billion in the ongoing Series H round but its estimated $11 billion valuation is after the strategic rounds, notes TechCrunch.
As Crunchbase News’s Savannah Dowling reported in August, Grab is backed by SoftBank and China’s ridesharing giant , Grab’s app allows hail transportation services through GrabTaxi, GrabCar, and its carpool service GrabHitch. In addition to its core services, the company recently introduced GrabAssist, a service for seniors and individuals with disabilities, and GrabFamily, a service for families with small children.
Grab operates in 235 cities in eight countries including Singapore, Malaysia, Indonesia, Philippines, and Vietnam.
Illustration:
Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.


67.1K Followers