Booking Holdings Invests $200M in Grab

grabBooking Holdings (NASDAQ: BKNG), a Norwalk, Conn.-based online accommodations and travel e-commerce, and Grab Holdings Inc. (Grab), the Singapore based on-demand transportation and mobile services platform for Southeast Asia, have entered into a strategic partnership.

Under the terms of the deal, Booking Holdings also invested US $200m in Grab.

With the partnership, Booking Holdings’ brands will have the ability to offer on-demand transport services through their apps, powered by Grab, and Grab customers will be able to book accommodations across the globe powered by and agoda.

Grab has raised over US$2 billion for its current round of financing and is on track to raise over US$3 billion by the end of this year.

Read more about the partnership here



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