Toyota’s $1bn Grab investment is the largest ever in a ride-hailing company
Automotive giant Toyota’s $1 billion investment in Singapore-based company Grab represents the largest ever made in a ride-hailing firm.
Grab is foremost a ride-hailing firm similar to Uber. In fact, Grab acquired Uber’s operations in Southeast Asia.
Also similar to Uber is Grab having its own recently-unveiled food delivery service, GrabFood. The company is even launching an e-payment service, GrabPay.
Considering the wild success of Uber, it’s unsurprising investors are...