Grab snags $275.13m from South Korean private equity firm

Stic Investments will invest about $137.57m (US$100m) from one of its funds.

Grab is raising $275.13m (US$200m) from South Korean private equity firm Stic Investments, according to people familiar with the matter.

Seoul-based Stic Investments is looking to increase its exposure to the region and will invest about $137.57m (US$100m) from one of its funds, whilst raising the remainder from co-investors, according to the people who asked not to be named because the matter is private.

Despite the devastating impact Covid-19 has had on consumer businesses, Grab has been able to raise money to continue funding its ride-hailing, food delivery and digital financial services. The Singapore-based firm is amongst the most richly financed tech startups in Southeast Asia, having raised more than $13.76b (US$10b) to date including about $4.13 (US$3b) from SoftBank Group Corp. It’s valued at $19.67b (US$14.3b), according to CB Insights.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia