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Grab is raising at $2.3B valuation

Uber rival Grab is raising at $2.3B valuation, reportedly burning $35M a month

Grab, the company that rivals Uber in Southeast Asia, is in negotiations to close a new round of funding that could value it as high as $2.3 billion, multiple sources close to talks told TechCrunch. Grab was valued around $1.5 billion-$1.6 billion last August when it raised $350 million.