SINGAPORE: Ride-hailing firm Grab said on Thursday it has raised $2 billion (Dh7.34 billion) from investors to expand its offerings including electronic payments, food delivery and courier services as it fights fierce competition in the fast-growing sector. Around half of the funds came from Japanese car giant Toyota, which announced last month it was pumping $1 billion into Grab, Southeast Asia’s dominant ride-share company. Grab said a “significant portion” of the proceeds would go to developing operations in Indonesia, where it has partnered with local firm Ovo to offer what it said was the country’s most widely accepted mobile payments system.