Ride-Hailing Firm Grab in Talks to Raise $1 Billion

Latest funding round could value the Singapore-based company at about $10 billion

One of Southeast Asia’s most valuable startups is making another grab for new money.

Ride-hailing company Grab Inc., which recently acquired the Southeast Asian business of Uber Technologies Inc., is in talks to raise up to $1 billion in fresh funds, according to people familiar with the matter.

The latest funding round—which would be Grab’s...