Grab raises $200M from Thailand-based retail conglomerate Central Group

Grab's The fundraising campaign continues unabated after the Australian firm in Southeast Asia announced that it had raised $ 200 million from Central Group, a conglomerate of retailers based in Thailand. Central's business involves restaurants, hotels and more than 30 shopping centers in Thailand, while the company operates in markets including Vietnam and Indonesia. Its publicly traded holding companies alone represent more than $ 15 billion. The Singaporean company Grab has confirmed that this transaction was not part of its Series H financing activities, but was an investment in its Thailand operations. Rumors of the deal were reported by Reuters

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