Japanese internet to investment company SoftBank Group Corp is close to infusing $1.5 billion in Singaporean ride-hailing, food delivery service and logistics services company GrabTaxi Holdings.
GrabTaxi Holdings is seeking to use part of the proceeds to extend further in Indonesia.
SoftBank’s latest funding in Grab will be made from its Vision Fund.
To date, Grab has bagged more than $6.5 billion in funding.