Considered one of the global unicorns, Grab says an IPO is not on the cards yet.
The Singapore-based firm continues to see strong interest from global investors after securing nearly US$1.5 billion from the Vision Fund in a year-long round, Ming Maa told Reuters. “We continue to see just a tremendous amount of investor interest around the world, and we may consider upsizing this financing in the future,” said Maa, a former SoftBank executive, who was instrumental in SoftBank’s earlier investments in Grab before joining the startup in 2016.
Citing a valuation of US$11 billion, research firm CB Insights had ranked Grab among the top 15 unicorns globally before the announcement of the latest funding from SoftBank.
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