Grab is investing $100M in startups in Indonesia

Grab pledged to invest a total of $700 million into Indonesia over the next four years. The country is its largest market, and a battleground between it, Uber and G-Jek. Other initiatives include an R&D center and increased investment in its payments service, but the startup investment commitment stands out. Grab also hired Indonesia's ex-national police chief to strengthen its government relationship.


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