Grab picks up stake in Bukalapak and DANA investor Emtek Group

Southeast Asian ride-hailing and food delivery decacorn Grab Holdings, which is on the verge of listing in the US via a SPAC deal, has picked up a stake in Indonesia’s Elang Mahkota Teknologi (Emtek) Group, DealStreetAsia has learnt from three sources privy to the matter.

Grab made the investment in Emtek — a technology, media, and telecom conglomerate — through H Holdings, a special purpose vehicle (SPV) it owns.

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