Southeast Asia's Grab said it has raised another $1 billion in its ongoing round of funding from investors looking to the ride the coattails of the online-to-offline O2O platform's regional growth.
Grab's series H round of fund raising values the six-year-old unicorn at about $11 billion, according to a person familiar with the process.
Its valuation is rising fast, when Toyota Motor poured $1 billion into the Singapore-headquartered firm in June, Grab was worth about $10 billion and it was pegged at $6 billion when it bought Uber's regional operations in March.
Toyota Motor has now been joined by a slate of...
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