<article>Japanese financial services company Tokyo Century on Monday announced an undisclosed investment in Singapore-headquartered Grab, pushing the total capital commitments received in the latter&#8217;s ongoing Series H round to above $3 billion.</article>

Japanese financial services company Tokyo Century on Monday announced an undisclosed investment in Singapore-headquartered Grab, pushing the total capital commitments received in the latter&#8217;s ongoing Series H round to above $3 billion.
According to an official statement, Tokyo Century has made a capital investment in Grab&#8217;s car rental arm, Grab Rentals, in addition to a strategic investment in Grab itself.
Tokyo Century had previously invested in Grab in 2016 and 2018. It has now invested a total of $175 million into Grab, including funding for its rental business.
&#8220;Tokyo Century will leverage its financial expertise accumulated over many years in Japan through Grab’s platform to address increasingly demanding and diverse needs of the ride-hailing industry. With the latest investment, Grab Rentals will further improve its driver-partners’ experience by expanding its product offerings including flexible-term rentals and an upcoming electric vehicle fleet,&#8221; the Japanese firm said in a statement.
Grab declined to comment on its current valuation, but confirmed that it has received capital commitments of above $3 billion so far. It was valued at $11 billion after raising funding as part of the Series H round in August 2018.
The ride-hailing giant currently has a wide range of investors on its cap table, including Toyota, Hyundai, Yamaha, Microsoft, KASIKORNBANK, Booking Holdings, OppenheimerFunds and Ping An Capital.
<a href="https://media.dealstreetasia.com/uploads/2019/01/Screenshot-2019-01-07-at-1.33.09-PM-1.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-116333 size-full" src="https://media.dealstreetasia.com/uploads/2019/01/Screenshot-2019-01-07-at-1.33.09-PM-1.png?resize=640,455" alt="" srcset="https://media.dealstreetasia.com/uploads/2019/01/Screenshot-2019-01-07-at-1.33.09-PM-1.png?w=842 842w, https://media.dealstreetasia.com/uploads/2019/01/Screenshot-2019-01-07-at-1.33.09-PM-1.png?resize=300,213 300w, https://media.dealstreetasia.com/uploads/2019/01/Screenshot-2019-01-07-at-1.33.09-PM-1.png?resize=768,545 768w" sizes="(max-width: 842px) 100vw, 842px" data-recalc-dims="1" /></a>
In December, DEALSTREETASIA exclusively reported that <a href="https://www.dealstreetasia.com/stories/grab-seriesh-5billion-114962/">Grab is seeking to raise up to $5 billion</a> in an expanded Series H round, way above its original target of $3 billion.
This came amidst reports from TechCrunch and Reuters that SoftBank was close to investing $1-1.5 billion in Grab from its SoftBank Vision Fund. According to TechCrunch, this was contingent on SoftBank Group Corp transferring its existing stake in the ride-hailing firm to the Vision Fund.
Meantime Grab&#8217;s rival, Go-Jek, is currently also oversubscribed in its current fundraising efforts.
In an exclusive report by DEALSTREETASIA, Go-Jek received commitments of close to $2 billion for its latest investment round, above its original target of $1.5 billion. According to the report, its existing investors, Google, Tencent and JD.com are all re-investing in the company, whose valuation will climb to nearly $10 billion.
Also Read:
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/grab-seriesh-5billion-114962/">Singapore’s Grab said to seek up to $5b in expanded Series H round</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/softbank-vision-fund-grab-114913/">SoftBank Vision Fund in talks to invest $1.5b in Southeast Asia’s Grab </a>

Tokyo Century has now invested a total of $175 million into Grab since announcing its first strategic investment in the firm in 2016.

Grab's Series H round tops $3b with latest investment from Tokyo Century

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Grab's Series H round tops $3b with latest investment from Tokyo Century

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