Grab raises $300m additional funding from asset manager Invesco

Grab raises $300m additional funding from asset manager Invesco

REUTERS/Iqro Rinaldi

Ride-hailing giant Grab has raised an additional investment of $300 million from Invesco Ltd., a global independent investment management company, in a move seen to further accelerate its expansion in the region.

The fundraising puts the company on track to meet its aim to secure $6.5 billion in total capital between June 2018 and the end of this year.

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