Southeast Asia's ride-hailing platform Grab has completed the region's largest ever consumer tech funding round, trousering $750 million.
And the statement says the round was "oversubscribed".
Japan's Softbank led the fundraising, which included other existing investors and some new names as well, none of whom are named.
Grab operates in six countries: Singapore, where it is based, Thailand, Malaysia, the Philippines, Vietnam and Indonesia. It has a relatively concentrated footprint, focussing its attention on 41 major cities.
CEO Anthony Tan identified Indonesia as a priority market, suggesting that ride-hailing alone is a $15 billion market. Over the past year its business in the country has grown by 250 times in a year.
The other strategic areas earmarked to benefit from the latest cash injection are "driving efficiency with technology, machine learning and data science capabilities" and expanding its GrabPay mobile wallet.
It has R&D centres in Singapore, Beijing and Seattle while GrabPay is being positioned as a general mobile payments platform and can be used in some shops, cinemas and coffeeshops.
Grab's last confirmed raise was $350 million in August 2015.
The news comes after a relatively quiet few months in the taxi app fundraising world following the proposed tie up between Uber China and Didi.
Related reading from Tnooz:
Indonesia grabs top slot for Grab (July 2016)
Taxi app shake-up in Europe, Hailo brand to be phased out (July 2016)
Apple pumps $1 billion into China’s Didi (Jan 2016)