softbank SoftBank Breaks Industry Rules by Funding Multiple Rival Startups SoftBank's massive Vision Fund routinely ignores the traditional venture capital rule against backing direct competitors. This aggressive strategy distorts market dynamics and puts startup founders in difficult negotiating positions.
thunes Singapore B2B Payments Startup Thunes Secures $10M Led by GGV Capital Cross-border B2B payments startup Thunes raises a $10 million Series A round led by GGV Capital to expand its global transaction network. The company currently processes $3 billion in annual payment volume for major clients like PayPal and Grab.
klook SoftBank Vision Fund Leads $225M Investment in Travel Platform Klook Hong Kong-based travel activities platform Klook raises $225 million in a Series D plus round led by SoftBank's Vision Fund. The company plans to leverage this new capital and SoftBank's ecosystem to expand its global reach and partner with other major startups.
grab Grab Secures $1.46B from SoftBank Vision Fund, Valued at $14B Southeast Asian ridesharing giant Grab adds $1.46 billion from the SoftBank Vision Fund to its record-breaking Series H round. The new capital pushes the company's valuation to $14 billion and supports its expansion into a comprehensive super app.
go-jek Indonesian Ride-Hailing Giant Go-Jek Tops $1 Billion in Latest Funding Round Go-Jek secures over $1 billion in the first close of its Series F round, bringing its valuation to approximately $9.5 billion as it battles Grab for Southeast Asian dominance.
grab Thai Retail Giant Central Group Pours $200 Million Into Grab Southeast Asian ride-hailing leader Grab secures $200 million from Thai retail conglomerate Central Group to strengthen its local operations and fend off rival Go-Jek.
go-jek Go-Jek Secures $920 Million at $9.5 Billion Valuation Amid Rivalry with Grab Southeast Asian ride-hailing giant Go-Jek raises an initial $920 million from existing backers like Google and Tencent. The new round values the company at $9.5 billion as it seeks to expand its services and compete with Grab.
go-jek Go-Jek Raises $920 Million at $9.5 Billion Valuation to Rival Grab Southeast Asian ridesharing giant Go-Jek secures $920 million from existing backers like Google and Tencent, pushing its valuation to $9.5 billion. The company continues to seek additional investors to reach its $2 billion fundraising target.