Grab said to mull separate fundraising for e-scooter service GrabWheels

Grab said to mull separate fundraising for e-scooter service GrabWheels

Singapore-headquartered ride-hailing unicorn Grab is exploring the option of raising capital for its e-scooter rental unit GrabWheels separately, DEALSTREETASIA has learnt.

We had reported in March that Grab had explored a similar move for its financial services unit, Grab Financial, and held talks with Alibaba’s Ant Financial for a capital infusion. TechCrunch later reported that the company had also fielded interest from US payments giant PayPal.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter