Total amount raised
$16.5 Billions
Latest funding date
Location
Grab has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The company is publicly traded on NASDAQ under the symbol GRAB.
Keep reading to explore the intricacies of Grab's fundraising journey and the investors backing this innovative platform.
What Is Grab?
Grab, founded in June 2012 by Anthony Tan and Tan Hooi Ling, is a multi-service platform based in Singapore. The company offers a wide range of services, including ride-hailing, food delivery, grocery delivery, and financial services, across Southeast Asia.
With a workforce of 5001-10000 employees, Grab operates in countries such as Singapore, Indonesia, Philippines, Malaysia, Thailand, Vietnam, and Myanmar. The platform integrates city transportation for driver-partners and customers, providing various services like GrabTaxi, GrabCar, and GrabHitch.
Grab's mission is to drive Southeast Asia forward by creating economic empowerment for everyone. The company continues to innovate and expand its offerings, making it an essential part of daily life for millions in the region.
How Much Funding Has Grab Raised?
- Round Name: Series H
- Amount Raised: Not publicly disclosed
- Date: October 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its service offerings and strengthen its market position.
- Round Name: Secondary Market
- Amount Raised: $1.8M
- Date: November 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Round Name: Series I
- Amount Raised: $856M
- Date: February 2020
- Lead Investors: Mitsubishi UFJ Financial Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel regional expansion and enhance technological capabilities.
- Round Name: Private Equity Round
- Amount Raised: $200M
- Date: August 2020
- Lead Investors: STIC Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business growth and strategic initiatives.
- Round Name: Series A
- Amount Raised: Not publicly disclosed
- Date: January 2021
- Lead Investors: Hanwha Asset Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and invest in new technologies.
- Round Name: Debt Financing
- Amount Raised: $2B
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial position and support expansion.
- Round Name: Venture Round
- Amount Raised: Not publicly disclosed
- Date: February 2021
- Lead Investors: Signite Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive innovation and expand service offerings.
- Round Name: Corporate Round
- Amount Raised: $375M
- Date: July 2021
- Lead Investors: Emtek Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance strategic partnerships and market reach.
- Round Name: Post-IPO Equity
- Amount Raised: $4B
- Date: December 2021
- Lead Investors: Altimeter Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
Grab has raised a total of $7.432B. The current valuation is Not publicly disclosed.
Key Investors
- Altimeter Capital
- Details: Altimeter Capital is a technology-focused investment firm based in Menlo Park, California. It invests in both public and private companies.
- Investment Focus Areas: Technology, Software, Internet
- Notable Investments: Snowflake, Unity Technologies, Roblox
- Emtek Group
- Details: Emtek Group is an Indonesian conglomerate with interests in media, telecommunications, and IT solutions. It is one of the largest media companies in Indonesia.
- Investment Focus Areas: Media, Telecommunications, IT Solutions
- Notable Investments: Bukalapak, Vidio, KapanLagi Network
- Signite Partners
- Details: Signite Partners is a venture capital firm that focuses on early-stage investments. It is based in South Korea.
- Investment Focus Areas: Technology, Healthcare, Consumer Goods
- Notable Investments: Not publicly disclosed
- Hanwha Asset Management
- Details: Hanwha Asset Management is a leading asset management firm in South Korea. It offers a wide range of financial services.
- Investment Focus Areas: Financial Services, Real Estate, Infrastructure
- Notable Investments: Not publicly disclosed
- Mitsubishi UFJ Financial Group
- Details: Mitsubishi UFJ Financial Group is one of the world's largest financial institutions, headquartered in Tokyo, Japan. It provides a wide range of financial services.
- Investment Focus Areas: Banking, Financial Services, Asset Management
- Notable Investments: Morgan Stanley, Bank of Ayudhya, Security Bank
What's Next for Grab?
Grab's future looks promising with the recent $2 billion term loan facility, the largest in Asia's technology sector. This substantial capital injection positions Grab to expand its services and strengthen its market presence. The company is also eyeing a US IPO, which could potentially raise another $2 billion, further bolstering its financial resources.
However, the road ahead is not without challenges. Grab will need to navigate intense market competition and regulatory hurdles while maintaining profitability. The company's ability to innovate and adapt to industry trends will be crucial in overcoming these obstacles and seizing growth opportunities.
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