The startup is in also in talks to raise a fresh round of funding at over $40 million valuation.
The investment is reportedly expected to close within the next two months.
Grab said, while the capital is sourced from SoftBank, its largest investor, it does not represent a fresh injection of funds into the company.
Fintech firm Dana is looking for a strategic investor to expand its operations.
After South Korea and the Philippines, JUUL enters Indonesia. It's betting big on Asian markets, says its co-founder James Monsees.
The firm is also in final talks to invest in an agritech startup that works with farmers.
The startup is planning to raise its Series A funding in late 2019 or early 2020.
Both UOB Venture Managemen and East Ventures are Ruangguru’s existing backers.
The round's other lead investors were TNB Aura and Jo Hirao, the founder of life media platform ZIGExN.
Indonesia’s size is part of its promise. The 267 million population is 47 times that of wealthier Singapore.
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