SoftBank (TKO: 9984) and Chinese ridehailing company Didi Chuxing are poised to lead a $2 billion round in the coming weeks for Southeast Asian Uber competitor Grab, according to The Wall Street Journal. The funding would be the second largest round of the year for a VC-backed startup, per the PitchBook Platform, trailing only Didi’s $5.5 billion round in April. Singapore-based Grab has previously raised about $1.4 billion.

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The news comes after Uber agreed last week to merge its ridesharing business in Russia with the cab-hailing company of search engine giant Yandex.

Several of the top ridehailing companies have pulled in about $10 billion combined already this year. We’ve highlighted the largest deals of 2017:

Ridehailing Startups

Interested in Grab? View its free profile or read more of our coverage of ridehailing companies.

Article by PitchBook

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