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Microsoft invests in ride-hailing app Grab

The partnership will see Grab adopt Microsoft products like cloud computing platform Azure for cloud services.

IG Analyst

Publication date : 2018-10-09T04:21:00+0100

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Technology firm Microsoft is investing an undisclosed amount in Singapore-based ride-hailing firm Grab as part of a strategic partnership, the companies said in a joint statement today.

The partnership will also see Grab adopt Microsoft products like cloud computing platform Azure for cloud services. Under the five-year deal, the two firms will be collaborating on various projects using their technology expertise in areas such as artificial intelligence, and big data.

Grab will use Microsoft’s data analytics, machine learning and computer vision technologies and services to work on personalising the user experience for its customers. Passengers will also be able to book car rides through the Microsoft Outlook application.

Although the investment sum was not revealed, a Tuesday report from the Financial Times cited the sum to be at around US$200 million. However, both Microsoft and Grab have denied the amount.

Grab has a presence in eight countries in the Southeast Asian region. The firm has raised more than US$6 billion in funding to-date, and its investors include automotive maker Toyota, mobile transportation startup Didi Chuxing, and venture capital giant SoftBank. According to data from CB Insights, Grab is currently valued at US$11 billion.

Other than its core ride-hailing business, Grab also offers courier services, food delivery services, and payment service GrabPay.

Separately, Microsoft’s LinkedIn was reported today to have purchased human resource software startup Glint for around US$400 million. Glint, the California-based startup, was founded in 2013.

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