SINGAPORE - Grab expects to raise another US$ 2 billion in funding from strategic investors this year, said Grab CEO Anthony Tan. The statement came just weeks after the ride-hailing startup had announced funding of over US$ 4.5 billion in Southeast Asia’s largest private financing round.
“We expect to raise US$ 6.5 billion of total capital this year,” Mr Tan told Reuters, Monday (8/4).
He added that the funding will be a mix of debt and equity, and that Grab is looking to expand its business in financial services and food delivery.
The startup, said Mr Tan, is looking to make at least six investments or acquisitions this year. Currently Grab has no plans for a stock market listing. (MS)