Ride-hailing unicorn Grab has raised $1.46 billion in fresh funding from the SoftBank Vision Fund, bringing the total amassed in its ongoing Series H to $4.5 billion, according to a statement on Wednesday.
SoftBank Group Corp is an existing Grab investor. It first bought a stake in Grab for $250 million in 2014 and later, in 2017, co-led a $2-billion investment in the Singapore-headquartered firm, along with Didi Chuxing. SoftBank has been transitioning its stake in Grab and other ride-hailing firms to the Vision Fund.
