Grab raises more money to conquer Indonesia; this round its $375 million by Emtek Group

The new partnership will focus on digitalisation efforts in Indonesia.


Alfred Lee

27 Jul, 2021

Grab raises more money to conquer Indonesia; this round its $375 million by Emtek Group | BEAMSTART News

- From our Sponsors -

Grab continues its rapid expansion across Southeast Asia, once again raising another significant round of funding.

In a recent report, Emtek Group, Indonesia's leading TMT (technology, telecom, and media) conglomerate, has just invested $375 million in Grab.

“We hope that the collaboration between Grab and Emtek Group will create a positive impact on Indonesia’s economic recovery and accelerate a more equitable digital economy in the country. Hopefully, the synergy between Grab and Emtek Group will support Indonesia to be one of the big five digital economy countries in the world by inclusively embracing MSMEs, including providing technology that is friendly to all people, including people with disabilities, women, and MSMEs in frontier, outermost and least developed regions,” mentioned Airlangga Hartarto, Coordinating Minister for Economic Affairs of the Republic of Indonesia.

Key Matters:

  • The new investment is a strategic one for both Grab and Emtek, which seeks to combine forces to accelerate digitalisation among small businesses in Indonesia.
  • This investment deal was reportedly a private placement sale of Emtek shares, approximating to 8.4% of Emtek’s capital.
  • Both Emtek and Grab will also look to collaborate in other areas beyond digitalisation, ranging from logistics, e-commerce, financial services, telemedicine, advertising, offline kiosks, and beyond.
  • Back in April, The Straits Times reported that Grab has acquired a 4% shareholding in Emtek.

- From our Sponsors -

Latest Jobs

Member of Technical Staff

ProSights

New York,

Full Time

USD 140000 — USD 180000 yearly

Senior Software Engineer

Hype

New York,

Full Time

USD 140000 — USD 210000 yearly

North America Special Projects Engineer

AlphaWatch AI

Full Time

USD 80000 — USD 145000 yearly

Data Engineer/Analyst - Product, Growth & Marketing

Firecrawl

California,

Full Time

USD 160 — USD 240 yearly

Software Engineer

telli

Berlin,

Full Time

USD 80 — USD 130 yearly

Founding Software Engineer

Stardrift

California,

Full Time

USD 125000 — USD 175000 yearly

AI Engineering Intern

Mercura

Bavaria,

Internship

USD 3000 — USD 4000 yearly

Software Engineer

TrueClaim

California,

Full Time

USD 140000 — USD 180000 yearly

Software Engineer - AI Travel Agent

Gordian Software

Washington,

Full Time

USD 170000 — USD 210000 yearly

Product Manager

Quindar

California,

Full Time

USD 140000 — USD 175000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).