Uber rival Grab to nab $2.5 billion in fresh funds — partly from Uber's biggest nemesis
Grab anticipates raising an additional $500 million, which would bring the total to about $2.5 billion. It said this was the largest single financing in Southeast Asia. Grab did not disclose valuation, but Reuters cited a source close to the company and said it will be valued at more than $6 billion at the close of the round. "We're encouraged that...