Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Grab commits $100 million to Indonesian ‘technopreneurship for social good’

The Singapore-based ride-hailing service Grab will invest in mission-driven mobile and fintech startups “focused on deepening financial inclusion” across cities and income levels in Indonesia.

Grab, an Uber rival that operates in six countries in Asia, raised a $750 million round last year, led by SoftBank, at a valuation of $3 billion.

The social impact investment is part of a $700 million “Grab 4 Indonesia 2020 Plan,” that includes an R&D center in Jakarta to train and employ 150 engineers in the next two years.

You might also like...