Funding led by existing investor Japanese Softbank.
Grab, a rival to ride-hailing firm Uber in Southeast East, has raised $750m in a fresh round of funding led by its existing investor Japanese Softbank.
The company has fetched a post-money valuation of $3bn in the funding round, sources confirmed to TechCrunch.
The transaction has increased its total capital position to over $1bn.
Grab group CEO and co-founder Anthony Tan said: Our vision is to drive Southeast Asia transportation forward and transform the region s mobile internet ecosystem.
This latest funding, the largest in the history of Southeast Asia consumer technology, strengthens our ability to pursue those long-term goals as we continue to build on our market leadership.