December 1, 2016 / 2:36 AM / a year ago

Tokyo Century invests in SE Asia ride-hailing firm Grab

SINGAPORE, Dec 1 (Reuters) - Japanese financial services company Tokyo Century Corp has made a strategic investment in Southeast Asian ride-hailing firm Grab, the companies said in a statement on Thursday.

They did not specify the value of the investment, which is part of a deal to collaborate on leasing and rental car options for GrabCar drivers.

In September, Grab, the biggest rival to ride-sharing service Uber Technologies Inc in Southeast Asia, raised $750 million in a funding round - an amount that valued it at more than $3 billion, according to a source familiar with the matter. (Reporting by Aradhana Aravindan; Editing by Edwina Gibbs)

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