Grab bags US$700m debt facility

It also entered a partnership with SMRT to increase its car fleet.

Grab secured debt facilities of up to $700m from a Southeast Asian startup.

According to a press release, Grab will make more cars available for rental, provide more favourable rental terms and services for driver partners, and vehicle supply on the road.

The company also aims to have the largest car rental fleet in Q4. It partnered up with SMRT to add volume to its Singapore car fleet.

Grab will have exclusive access to SMRT’s current and future taxi and private car fleet management capabilities, in addition to its entire network of taxis and Strides private-hire cars.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia