Uber rival Grab nets strategic investment from Toyota

Uber’s Asia-based rival Grab has confirmed that it has taken an undisclosed investment from Toyota. The Japanese automotive giant has been named as one of the participants in Grab’s Series G round which is targeted at $2.5 billion. The Singapore-headquartered company confirmed that SoftBank and China’s Didi contributed $2 billion, but it is collecting an additional $500… Read More