Anthony Tan, founder of GrabTaxi, stands on the balcony of his new home overlooking the cityscape of Singapore. The company is currently one of the big startup success stories of Southeast Asia. Tan founded the company in 2012 in Malaysia. Today the taxi app is available in 21 cities across the region, and has raised a total of US$340 million in funding.

ISSUE – Jun. 14 | Southeast Asia’s Grab lands $1B from Toyota at a $10B valuation

Grab,  the ride-hailing firm that acquired Uber’s Southeast Asia business earlier this year, is raising a new round of funding and it just announced that it will be led by Toyota, which is committing $1 billion in capital. The deal values Grab at over $10 billion, a source close to the company told TechCrunch. [ TechCrunch ]

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