SoftBank-backed Grab Raises $200 Million from STIC Investments

Southeast Asian ride-sharing market leader Grab Holdings, Inc. is raising $200 million from South Korean private equity firm STIC Investments, Inc. The company is among the most financed technology start-ups in Southeast Asia, having raised more than $10 billion to date including about $3 billion from Japanese conglomerate SoftBank Group Corp.

STIC Investments

STIC is one of the largest private equity firms in Korea. Starting its operations as a venture capital firm in 1999, STIC now has a proven 20-year track record in global investments and business cycles.

The firm’s global investor base includes sovereign wealth funds, public pension funds, insurance companies, and financial institutions. Its portfolio companies include Big Hit Entertainment Co., the company behind K-pop…