Southeast Asia-based technology firm Grab Holdings Inc Wednesday said it has secured $1.46 billion (about Rs.10,300 crore) in fresh funding from Softbank Vision Fund (SVF). With this, Grab has so far secured over $4.5 billion (around Rs.31,747 crore) in funding in its current financing round (series H). Grab had set up its R&D centre in Bengaluru, housing about 200 engineers, who focus on developing new payments technologies for GrabPay, its digital payments platform. The company is looking at doubling the number in the next 12-18 months. The latest investment will help Grab explore exciting new opportunities across on-demand mobility, delivery and financial services across Southeast Asia.

(Business Standard)