Southeast Asian ride hailing giant Grab to invest US$2 billion in Indonesia using SoftBank funds

//Southeast Asian ride hailing giant Grab to invest US$2 billion in Indonesia using SoftBank funds

Southeast Asian ride hailing giant Grab to invest US$2 billion in Indonesia using SoftBank funds

Southeast Asian ride-hailing firm Grab on Monday said it will invest US$2 billion into Indonesia over five years using capital received from Japanese technology investor SoftBank Group.The investment will go toward creating a next-generation transportation network and transforming how critical services, like health care, are delivered, Grab said in a statement.“SoftBank will invest the US$2 billion into the country through Grab, to drive the digitisation of crucial services and infrastructure,”…

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By | 2019-07-29T06:57:07+00:00 July 29th, 2019|Technology|Comments Off on Southeast Asian ride hailing giant Grab to invest US$2 billion in Indonesia using SoftBank funds