Started negotiations on procurement of 1 billion dollars, a major car dispatch service giant, to expand the service in Southeast Asia

Financeasia reported that Southeast Asian dispatch service company GRAB raised $ 1 billion in the series H -round, and that the company is proceeding with negotiations for further procurement.

Grab is proceeding with raising additional US $ 1 billion with the aim of expanding services in Southeast Asia.

The article (paid content) reported, quoting the statement of President Ming Maa.

Most of the funds seem to be used to expand their services in Indonesia.In this area, the company is expected to compete fierce with his main rivals, GO-JEK.

Two months later, GRAB announced a partnership with Toyota Motor Corporation to strengthen and develop existing cooperation in the connected car to promote new mobility in Southeast Asia.In a partnership with Toyota, the connected car service in the TOYOTA MOBILITY Service Platform (MSPF), such as telematics -based insurance, financial programs, and predictive maintenance, enriches the Grab platform driver experience.We will collaborate from the perspective of that.

The 2012 Grab has entered the field of various online two -off (O2O) fields, providing food delivery, small luggage delivery, mobile payment, and financial services.Currently providing services in Singapore, Indonesia, Philippines, Malaysia, Thailand, Vietnam, Myanmar and Cambodia.

[Via E27] @e27co

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