From ride-hailing to fintech: Grab’s journey in the fast lane


A file photo of a ‘GrabBike' motorcyclist using his mobile phone in Jakarta. As Grab’s transport business suffered during the pandemic, earnings from its food delivery service soared and now account for more than half of revenues, according to company executives. — AFP

SINGAPORE: Singapore-based Grab Holdings said on April 13 it plans a US listing after merging with the investment fund Altimeter Capital Management in an operation that values the firm at US$39.6bil (RM163.72bil).

Here are some facts about the company’s journey from humble beginnings as a taxi-booking app in Malaysia to a South-East Asian tech giant.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

TikTok CEO sought Musk's input ahead of Trump administration, WSJ reports
How 'CoComelon' became a mass media juggernaut for preschoolers
Evolution of smartphone damage: From drips to drops
Are you tracking your health with a device? Here's what could happen with the data
US judge rejects SEC bid to sanction Elon Musk
What's really happening when you agree to a website's terms of service
Samsung ordered to pay $118 million for infringing Netlist patents
Sirius XM found liable in New York lawsuit over subscription cancellations
US Supreme Court tosses case involving securities fraud suit against Facebook
Amazon doubles down on AI startup Anthropic with another $4 billion

Others Also Read