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Grab Indonesia Announces Next Chapter of Plans Post Uber Acquisition

Grab, Southeast Asia’s leading technology company, today announced the next chapter of Grab Indonesia following the Uber’s Southeast Asia acquisition announcement on March 26th.

  • Says acquisition affirms potential of Southeast Asian startups to succeed and make a positive impact on their home
  • 75% of all Uber driver-partners in Indonesia have already joined the Grab platform
  • To focus on helping everyone from Aceh to Papua to benefit from the digital economy

Jakarta, 6 April 2018 – Grab, Southeast Asia’s leading technology company, today announced the next chapter of Grab Indonesia following the Uber’s Southeast Asia acquisition announcement on March 26th. The acquisition, the largest-ever by a Southeast Asian internet company, will enable Grab to serve the Indonesian community better, both its driver-partners and passengers in nearly 120 cities nationwide, from Aceh to Papua.

“I’m proud to be part of Grab and the largest-ever acquisition by a Southeast Asian internet company. This deal shows the incredible potential Southeast Asian startups have to succeed and make a positive impact on their home, ” said Ridzki Kramadibrata, Managing Director, Grab Indonesia.

“2017 was about setting the foundation for many new ways to serve Indonesians. 2018 is about execution. In the short term, the acquisition means more drivers and more passengers and creates a more efficient marketplace. As the utilisation goes up, cost to serve comes down and savings can be passed to drivers and passengers. Longer term, we are dreaming even bigger now. We are on track to become the #1 online-to-offline (O2O) mobile platform. For Indonesians, this means we’re there for the most important challenges, like congestion, financial inclusion and earning an income for the family.“ Ridzki added.

As part of the Grab 4 Indonesia master plan to create millions of earning opportunities through the digital economy, Grab today announced it has rapid expansion plans for its core transport business, but also GrabFood, GrabExpress, GrabPay and the introduction of Grab Financial in Indonesia.

Today, 3 millions Indonesians benefit from the digital economy through Grab’s local partnerships with Kudo, PayTren, and Madhang. Grab now projects it will create income opportunities for 100 million micro-entrepreneurs in Southeast Asia by 2020.

Grab Indonesia’s Next Chapter Means:

1. Bringing more benefits to the passengers

Today, the additional driver-partners on the Grab platform means passengers already benefit. With more driver partners, passengers’ transportation needs will be met faster. They will get to enjoy shorter waiting times, more convenient and affordable rides through one platform. With its core transportation platform more cost-efficient, Grab can focus on more ways to help Indonesian consumers benefit from the digital economy. This includes enjoying food delivery, more online services via agents, even in smaller towns and cities, or introducing loans to people without credit history.

2. Nurturing Driver-partners with GrabSejahtera Programme

Grab has seen great enthusiasm from Uber drivers for the Grab platform. 75% of all of Uber driver-partners in Indonesia have already joined Grab, three days before the Uber app closes down in Indonesia. Grab expects those numbers to still go up.

Driver-partners’ earnings and welfare initiatives have been a key attraction for the former Uber driver-partnerss. Grab has established various driver welfare initiatives under the GrabSejahtera programme. Grab drivers earn on average 34% more per hour than the average wage in Indonesia

The transition to Grab has been smooth for most Uber driver-partners. All Uber driver-partners outside of Jakarta and all UberX drivers in Jakarta could then easily complete registration with Grab online, without even having to present themselves at the Grab Driver Centre.

Grab has remained committed to safety and required all new driver-partners to pass safety training and tests. After completing the requirements, new drivers can start driving and receiving bookings within 24 hours.

3. Creating millions of earning opportunities through the digital economy

Beyond driver-partners income opportunities, the Grab ecosystem creates additional opportunities for merchant partners and agent partners. Now with the acquisition of Uber’s food delivery business, it will also rapidly expand GrabFood, and also provide more jobs for delivery couriers and support local SMEs. Grab will also explore introducing Grab Financial in Indonesia which includes mobile payments, micro-financing, insurance and other financial services.

Today, Grab enables more than three million micro-entrepreneurs across Indonesia. With  the rapid expansion and updates in core transport, but also GrabFood, GrabExpress, GrabPay and the introduction of Grab Financial, Grab expects to create income opportunities for 100 million micro-entrepreneurs in the region by 2020.

“We believe that the acquisition brings a positive agenda to Indonesia, which is to solve local problems faster and in a more efficient way. We will work hand in hand with the government to drive this country forward, for a better Indonesia.” Ridzki concluded.

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About Grab

Grab is one of the most frequently used O2O mobile platforms in Southeast Asia, providing the everyday services that matter most to consumers. Commute, eat, deliver shopping – and pay with one e-wallet. Grab believes that every Southeast Asian should benefit from the digital economy, and the company provides access to safe and affordable transport, food and package delivery, mobile payments and financial services. Grab currently offers services in Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam, Myanmar and Cambodia. For more information, please visit www.grab.com.

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