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Grab , Southeast Asia’s biggest ride-hailing and food delivery firm, does not envisage having to undertake mass layoffs as some rivals have done, and is selectively hiring, while reining in its financial service ambitions. Chief Operating Officer Alex Hungate…
Singapore’s Grab Holdings Ltd on Thursday slashed its gross merchandise volume (GMV) outlook for the year, blaming a strong dollar and cooling demand for food delivery services as consumers return to dining outdoors. U.S.-listed shares of Grab fell 16% in…
Grab canceled its new heatwave surcharge on motorbike rides on July 7 just one day after imposing it, Vietnam Competition and Consumer Authority announced Monday. It had announced a surcharge of VND3,000-5,000 ($0.13-0.21) meant for drivers. The consumer…
Grab has become the first ride-hailing firm in Vietnam to announce a new surcharge on its motorbike services starting Thursday. The surcharges are VND5,000 (20 U.S. cents) for each GrabBike trip and GrabFood order in some localities including HCMC, Hanoi, Hai…
Social commerce startup SariSuki has introduced a new rapid grocery delivery service called Supah that delivers groceries across select parts of Metro Manila. During a media round table in Pasig City on Wednesday, SariSuki Co-Founder and Chief Executive…
E-commerce businesses are fighting for consumers’ attention at an extraordinary rate. In an industry that’s already heavily saturated, hundreds of emerging digital channels have made it increasingly difficult to stand out, writes Simon Kelly, solutions…
Starbucks today announced an integrated partnership with Grab, Southeast Asia’s leading superapp, across six markets, including the Philippines, Thailand, Singapore, Malaysia, Indonesia, and Vietnam. The partnership will provide customers across Southeast…
Ride-hailing giant Grab will raise all fares from March 10, the first tech-based transport firm to do so amid record-high gasoline prices. GrabCar’s first two-kilometer fare will be raised by VND2,000 ($0.09) to VND29,000 for four-seater and VND34,000 for…
Southeast Asian ride-hailing and food-delivery giant Grab is to acquire Malaysian grocery chain Jaya Grocer, according to a filing with the US Securities and Exchange Commission. Under the agreement, Grab will acquire Jaya Grocer’s ordinary shares and 75 per…
Southeast Asia’s Grab on Tuesday said it was experiencing disruption to its services, with customers and drivers in Singapore, Indonesia, and Malaysia complaining that they were having trouble using the app’s ride-hailing functions. “Some of our services are…
Delivery app Grab wants food delivery services resumed in Hanoi since they help reduce the number of people gathering to fulfill various needs. “Since Hanoi authorities have been limiting the number of people at supermarkets and retail locations to lower the…
Ride-hailing firm Grab plans to launch electric car services in Vietnam and Indonesia after piloting a program in Singapore at the end of this year. Grab is partnering with South Korea’s automotive manufacturer Hyundai Motor to encourage the adoption of…
Indonesia headquartered on-demand multi-service platform and digital payment technology group Gojek and e-commerce platform Tokopedia have completed Indonesia’s largest-ever deal to create GoTo, Southeast Asia’s largest privately held technology firm. Amid…
Grab Holdings is set to announce as early as Tuesday a merger with U.S.-based Altimeter that will value Grab at nearly $40 billion and lead to a public listing. The merger will make it the biggest blank-check company deal ever. Southeast Asia’s largest…
Southeast Asia’s biggest ride-hailing and food delivery firm Grab Holdings agreed a merger on Tuesday with US-based Altimeter Growth Corp in a deal that values Grab at an initial proforma equity value of about US$39.6 billion and will lead to a public listing…
The deal – the largest merger between a company and a blank cheque company – will value the SoftBank-backed firm at about $35 billion. The Singapore-based technology group could finalize an agreement to list with one of Altimeter Capital’s special purpose…
