Grab you may receive an investment of $ 1.5 million from the company SoftBank

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Requires Safety Vision ” Vision Fund”, a subsidiary of SoftBank of Japan to invest up to US $ 1.5 billion in the company Grab that owns the largest taxi service on demand in South East Asia, which is nearly three times the amount expected in advance. In case you haven’t heard about the Grab before, they are one of the companies specialized in providing taxi as per the demand of the most popular in the region, has noted recent reports that the company SoftBank has invested approximately $ 500 million in the company through its fund investment Vision Fund.

The company was founded Grab just six years ago, and succeeded in collecting more than $ 6.5 million from top investors, including Toyota, Inc. Didi Chuxing China and specialized in the same field, and SoftBank. The value of the company’s US $ 11 million after getting financial support in the month of August last.

The fact that they had acquired the property of the company Uber in the region not too long ago, show it is serious about maintaining its dominance in this market. It’s now looking to more expansion, investment of additional company SoftBank will certainly be beneficial at it.

Got company SoftBank in the beginning on a stake in the company Grab Vs investment amounted to 250 million USD in the year 2014 when just getting started in development with Uber in the region. Within a few years, was able to effectively push Uber out of the market. The up the value of the investments of SoftBank’s recent in the company Grab to 1.5 billion USD in case if the report that Rose recently true. It is expected that the company is finalizing the investment this month I hope to be announced in the month of January next.

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