SINGAPORE (June 27): Local ride hailing and financial e-services platform Grab has received an additional investment of US$300 million ($406.3 million) from existing investor Invesco.

This brings the global independent investment management company’s total investment in Grab to US$703 million. Invesco earlier this year acquired OppenheimerFunds, which initially invested US$403 million in Grab in July 2018.

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