Grab rival Vietnam-based Be Group raises $60m loan from Deutsche Bank

Grab rival Vietnam-based Be Group raises $60m loan from Deutsche Bank

Vietnam-based Be Group, the owner and developer of on-demand multi-service consumer platform be, has raised a loan facility of $60 million from Deutsche Bank, which can be upsized up to $100 million.

Be said it will use the proceeds to continue scaling up its three primary consumer services of ride-hailing, food delivery and digital bank arm Cake by VPBank, in addition to new expansions.

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