Faaez Samadi
Jul 30, 2019

Grab unveils huge Indonesia play with US$2b from SoftBank

Investment includes a new second headquarters in Jakarta.

(L-R): Anthony Tan, Grab CEO; Masayoshi Son, Chairman & CEO, SoftBank Group; Luhut Binsar Panjaitan, Indonesia coordinating minister for maritime affairs; and Ridzki Kramadibrata, Grab Indonesia president

Grab has announced a new vision to dramatically increase its footprint in Indonesia, through a US$2 billion investment in the super app from principal investor SoftBank.

The funds, to be invested over five years, will move through Grab to help boost Indonesia’s digital economy and improve critical transport infrastructure, according to a joint release from Grab, SoftBank and the Indonesian government. It will focus on creating a next-generation transport network, a green...

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