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 now and receive FREE sooka plan for 1 month.
T&C applies.

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

Exclusive-India finds Zomato, Swiggy food delivery businesses breached antitrust laws, documents show
Pharrell Williams to bring star power to Web Summit tech event
Influencer is banned from future NYC marathons for bringing a camera crew to last weekend’s race
LightOn to become Europe's first listed GenAI startup with Paris IPO
What will Trump 2.0 mean for US tech?
Time change glitch sends German man 1,700 identical tax letters
Wave of racist texts after US election prompts FBI scrutiny
Sony posts 73% jump in Q2 profit, keeps outlook
German physicists create the world’s tiniest QR�code
Before the US election, tech CEOs were quietly courting Trump

Others Also Read