Grab to invest $2 bn over 5 years in Indonesia with SoftBank’s backing
- Grab said it will invest with SoftBank to create a transport network for Indonesia based on electric vehicles
- Singapore-headquartered Grab and Go-Jek have evolved from ride-hailing app operators to becoming one-stop shops for services
JAKARTA/SINGAPORE : Southeast Asian ride-hailing firm Grab on Monday said it will invest $2 billion into Indonesia over five years using capital from Japan’s SoftBank Group Corp, marking its biggest commitment in the region’s most populous market.
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