OnLive Adds "Cloud-Accelerated Browsing" To Its Streaming-Desktop Stable Browser Shootout Shows Minor Variations In Performance - It''s Still A Matter Of Taste 500px Rolls Out New Browsing And Sharing Features - Plus A Market Megaupload''s Kim Dotcom Released On Bail, Perhaps Never To Be Seen Again This Twin-Lens Reflex Camera Is Built Out Of LEGO Big UI Changes Coming To Flickr Next Week China Telecom To Get iPhone In March Apple''s "Project Dolphin" Green Energy Facility In North Carolina Among Nation''s Biggest Another iPad 3 Component Leak Shows "A5X" Processor Purported Next-Gen iPad Display Caught And Examined; 2048x1536 Resolution Confirmed AT&T throws us yet another Curve (sorry, sorry) XXX Image on Motorola Phones? France''s iPhone to come unlocked Asus''s eee PCs get names, specs, real Will DRM-free music lead to DRM-free games? A friend helps out when times are tough, or when Xbox 360s expire Transformers comes to DVD today Laptop rates the best budget DSLRs so we don''t have to Palm''s Centro: First Impressions, Unboxing Introducing Handvertising: Branding the brand-aware GAME store employee caught stealing PS3 for some reason Your iPhone doesn''t want to get wet Broadcom squishes more radios onto system-on-a-chip Attention all Verizon Wireless customers: Read this now Zunephone interface patent looks like iPhone interface patent Apple''s growth leading to bad customer service? Dell''s first tablet PC ready to rock November 5 Some posts write themselves: Tape Tape Dispenser Latest Sprint cellphone rumor is a Rumor cellphone Apple Patents The Invisible Button The Huffington Post Starts To Give Out Badges To Readers In The Face Of Falling Ad Revenues, AOL''s Armstrong Says: "We Are Hustling As Fast As We Can" The Return Of The Lost iPhone May Come On June 7, WWDC Day Tremor Media Shakes Another $40 Million Out Of The VC Money Tree Graphic.ly Wants To Blow Your Mind Away With Digital Comics (Video Demo) Google Believed To Pay Up To $25 Million For LabPixies To Flood The Web With Apps Blinkx Starts Targeting Video Ads At Yoga Moms And Infonauts (Video Interview) MyLikes Brings Pay-Per-Video Advertising To YouTube Google Street View Adds Local Business Listings In Its Local Brawl With The NYT, The WSJ Pulls Out Some Foursquare Badges Blogger Commerce Network OpenSky Fetches $6 Million Series B Palm Shake-Up Imminent, Rubinstein May Be Out Palm Shake-Up Imminent, Rubinstein May Be Out Arctic Explorer Eric Larson Becomes First Person To Tweet From The North Pole CrowdEye Adds Location And Sentiment Filters To Realtime Search Are Like Buttons Evil? The Open Web Reacts To Facebook''s Not-So-Open Graph For men on trains: Japanese company sells anti-groping gloves Japan''s $2 million rescue robot is a hummingbird Thanko sells USB-powered "Hot Cat Gloves" Japan gets another set of those "Crazy Earphones"
Amazon hires Disney SVP Kyle Laughlin as director of Alexa Gadgets
Apple’s battery cases return for the iPhone XS and XR
The Future Of TV Is HTML
This Week On Bullish: Can The Bold Italic Come Back?
Microsoft Drops New Windows 10 Mobile Build, Promises Faster Release Cadence
Cisco Pops 2.5% After Reporting Better-Than-Expected FQ4 Revenue Of $12.84B
Yahoo Sags 4% After Alibaba's Q2 Earnings Disappointment
Microsoft Postpones Ship Date For Its 'Surface Hub' Wall Computer To January
You Can Now Run Windows 10 On Your Mac
Microsoft Drops Another Windows 10 Update
Zulily's Buyout Spike Leaves It Less Valuable Than When It Went Public
Microsoft Launches New Windows 10 Build, Vows To Keep Its Early Access Program Alive


漂流瓶终于彻底拜拜 微信7.0.4新版体验
微信漂流瓶被玩坏了 聊聊漂流瓶里那些事
微信关闭漂流瓶 它曾经满足了我们对世界的好奇
微信暂停漂流瓶功能:对色情内容零容忍
[视频]惠普Chromebook x360 14 G1评测:搭载Chrome OS的商务变形本
特斯拉:北京客户可三年免息融资购车并免费租赁车牌
借贷宝:停止催收百名裸条女大学生 未满23岁将不得借贷
京东白条多地频现盗刷 消费者遭催收公司“逼债”
借款野蛮催收行为将被规范 真是几家欢喜几家愁
为规范网贷催收 上海互金协会发行业倡议书
腾讯解释为什么微信没有夜间模式 真相你相信吗?
一张发行8年的微信唱片:只收录了4首歌曲


Grab raises fundraising target to $5B as Southeast Asia's ride-hailing war heats up

当前位置: 艾金森 > 门户 > 海外资讯

点击量 5
编辑: 1   作者: Techcrunch   时间: 2019/3/18 16:35:44  

Southeast Asian ride-hailing firm Grab is aiming to start the new year with a bang and an awful lot of bucks. The company, which acquired Uber's local business earlier this year, is planning to raise as much as $5 billion from its ongoing Series H round, up from an original target of $3 billion, a source?with knowledge of the plan told TechCrunch.

Grab declined to comment for this story.

That Series H round has been open since June. Already, it has seen participation from the likes of Toyota, Microsoft, Booking Holdings and Yamaha Motors, which have pushed it close to the original $3 billion target. Prior to raising $150 million from Yamaha, Grab said the round stood at $2.7 billion. While it is true that the company first announced that it was "on track to raise over $3 billion by the end of 2018," it is not public knowledge that it has set its sights as high as $5 billion.

A big part of that expansion is a planned investment from SoftBank's Vision Fund which, as TechCrunch reported last week, is aiming to pump up to $1.5 billion into the business. Adding that to the $3 billion total appears to leave a further $500 million allocation for other investors to take up.

Grab is already the most capitalized startup in Southeast Asia's history, having raised?around $6.8 billion from investors,?according to data from Crunchbase. The company was last valued at $11 billion - when Toyota invested the initial $1 billion in this Series H six months ago - and it is unclear how much that valuation will increase when the round is completed.

The company is also one of the widest-reaching consumer internet companies in Southeast Asia, a region of 650 million consumers. Grab?claims more than 130 million downloads and more than 2.5 billion completed rides to date, while it has expanded into fintech and it is?going beyond a ride-hailing app to offer Southeast Asia a "super app" in the mold of Meituan in China. On the financial side, Grab is assumed to not yet be profitable. But it has said that?it made $1 billion in revenue and that it?projects that the figure will double in 2019.

Buying Uber's business made it the dominant ridesharing operator in the region - a position that saw it pay fines in Singapore and the Philippines - but Uber's exit also saw Go-Jek, a rival in Indonesia, step up and expand its business into new markets. Go-Jek - which is backed by the likes of Tencent, Meituan and Google -?entered Vietnam?in August, and has recently launched in Thailand and Singapore as it bids to step into Uber's shadow.

With Go-Jek aiming to raise $2 billion of its own, it certainly looks like Grab's extension of its already-enormous Series H round is aimed at increasing its war chest as the competition intensifies in post-Uber Southeast Asia.

Southeast Asia exit deal is a win, not a defeat, for Uber