SoftBank invests $250m in Uber-rival GrabTaxi

SoftBank invests $250m in Uber-rival GrabTaxi

Grabtaxi mobile app

Malaysia’s GrabTaxi, which has emerged as Southeast Asia’s leading taxi mobile app, said it raised $250 million in Series D financing from SoftBank Corp, the technology firm controlled by Masayoshi Son, marking the largest ever funding round by an internet company in the region.

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