Grab co-founder and COO Tan Hooi Ling. Photo credit: World Economic Forum / Sikarin Thanachaiary, under Creative Commons license

Grab, the Southeast Asian ride-hailing company, has reached a deal to raise an additional $200 million in funding mainly from Stic Investments, a South Korean private equity firm, as first reported [paywall] by Bloomberg. According to Bloomberg, Stic will invest about $100 million from one of its funds, with the rest to be provided by other co-investors. Already, Grab is one of the most capitalized private technology companies in Southeast Asia and even globally, having raised more than $10 billion from investors since its inception. According to CB Insights, the Singapore-based company’s last-known funding round valued it at $14.3 billion.

Stic Investments is a Korean asset management firm with about $4.5 billion of assets under management.