S Korea's STIC Investments eyes larger SE Asia play with Grab funding

South Korean private equity firm STIC Investments is looking to ramp up its exposure to Southeast Asia’s rapidly growing market with an investment in ride-hailing giant Grab.

Bloomberg on Monday reported the Seoul-based PE firm’s plans to invest about $200 million in Grab. It plans to invest $100 million from one of its funds and raise the remaining from other co-investors, the report said.

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