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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.
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