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M&A Indonesia: Grab acquires Indonesian e-payment startup Kudo

Southeast Asian ride-sharing platform Grab announced today it will acquire Indonesian online payment startup Kudo for an undisclosed amount.

Grab said in a statement the acquisition marks its first investment of the $700 million it committed to investing in Indonesia over the next four years, as part of its “Grab 4 Indonesia’ 2020 plan. The country, with a population of 250 million, is Grab’s largest market. Mobile World Live

 

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