Singapore-based Grab agrees to buy Delivery Hero's Foodpanda operations in Taiwan for $600M in cash, its first foray outside of its Southeast Asian home market
Grab Holdings Ltd. agreed to buy Delivery Hero SE's Foodpanda operations in Taiwan for $600 million, a deal that marks its first foray outside of its Southeast Asian base.
Grab reports Q2 revenue up 23% YoY to $819M, vs. 812M est., and an adjusted EBITDA of $109M; Grab's shares are up 60% over the past year as its profit increased
Bloomberg :
How Grab built GrabMaps by using data from drivers, users, and merchants in 500+ Southeast Asian cities, adding 800,000+ km of missing roads to OpenStreetMap
The super-app uses its own drivers and cameras to create hyperlocal maps in eight countries. — • JAKARTA, INDONESIA Mastodon: @sohkamyung@mstdn.io . X: @pitdesi and @anupkaphle . Forums: Hacker News...
OKX says the Monetary Authority of Singapore granted OKX SG a Major Payment Institution license, and appoints former Grab executive Gracie Lin as OKX SG's CEO
- CEO Lin to focus on products, seeks MAS nod for adding tokens — Crypto exchange OKX named former regulator Gracie Lin as CEO …
Sources: Singapore-based Grab and Jakarta-based GoTo revive talks for a ride-hailing merger in Southeast Asia; GoTo says “no such discussion is taking place”
Bloomberg :
Singapore's biggest tech hopes, Grab, Sea, and Razer, have stumbled, which may show why VCs were premature in calling Singapore the “Silicon Valley of Asia”
Yoolim Lee / Bloomberg : X: @clemtan , @alexmacgregor__ , @yoolimleenews , and @pelstrom . LinkedIn: Ethan Tan X: @clemtan : The rough journey of an Uber-like ride-hailing company helps explain why S...
An interview with Grab CEO Anthony Tan, who expects the company to break even in 2023 with $2.2B in revenue, on his super-app vision, social impact, and more
Charlie Campbell / TIME : Tweets: @charliecamp6ell Tweets: Charlie Campbell / @charliecamp6ell : “If you don't build a society that's stable, and you don't uplift the bottom, it becomes all of our pr...
Research: Southeast Asia online food delivery spending rose 5% YoY to $16.3B in 2022, the slowest in at least four years; Grab extended its lead with 54% of GMV
Yoolim Lee / Bloomberg :
Singapore-based Grab reports Q1 revenue rose 6% YoY to $228M, beating analyst estimates, as its net loss narrowed to $435M; Grab stock is down 70%+ from its IPO
Grab Holdings Ltd. said revenue rose 6% in the first quarter after the ride-hailing and delivery company won back consumers as the pandemic receded in Southeast Asia.
Grab reports a $1.1B net loss in Q4 as revenue declined 44% YoY to $122M; after going public via SPAC in December, Grab has lost $15B+ in market value
Grab Holdings Inc., Southeast Asia's ride-hailing and delivery giant, reported a wider loss after the company spent more on incentives …