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Business
August 2, 2018

Grab Announces US$2 Billion of Funds Raised in Current Financing Round

  • OppenheimerFunds, Ping An Capital, Mirae Asset – Naver Asia Growth Fund, Cinda Sino-Rock Investment Management Company, All-Stars Investment, Vulcan Capital, Lightspeed Venture Partners, Macquarie Capital and other investors have joined Toyota in Grab’s current financing round
  • The current financing round cements Grab’s aim to be the leading technology company in Southeast Asia

Business
July 10, 2018

Grab unveils open platform strategy to build Southeast Asia’s First Everyday Superapp

  • GrabPlatform is a suite of APIs for partners to integrate their services with Grab
  • Grab will add more everyday services to the Grab app. GrabFresh, an on-demand grocery delivery service, will be launched in beta this month
  • Grab as Everyday Superapp will come to life with new Grab interface. Services and information, relevant to exactly when you need it
Business
June 13, 2018

Toyota to Invest US$1 Billion in Grab As Lead Investor for Grab’s New Round of Financing

  • Largest-ever investment globally by an automotive manufacturer in the ride-hailing sector
  • The investment will accelerate Grab’s next phase of growth to build Southeast Asia’s leading online-to-offline (O2O) mobile platform
  • Toyota is a lead investor in Grab’s ongoing financing round, launched following Grab’s merger with Uber in Southeast Asia
Business
June 5, 2018

Grab Launches Grab Ventures To Boost Southeast Asia’s Tech Ecosystem

  • Grab Ventures aims to discover and develop Southeast Asia’s next-generation tech leaders
  • Grab Ventures to allow Grab to build new businesses and help growth-stage startups scale across Southeast Asia
  • Programme partners include Singapore government agencies, IMDA, Enterprise Singapore, EDB and EDBI
Business
May 28, 2018

Grab Launches GrabFood Beta And Unveils Vision To Be An Everyday App

  • Moving beyond ride-hailing, Grab brings more Southeast Asians online through on-demand food and package delivery, cashless payments and financial services
  • Commute, eat, deliver and pay, consumers can now access all their daily essentials using Grab
  • GrabFood is here to bring more food vendors online to satisfy food cravings

Business
May 7, 2018

Grab Expands Vehicle Service Options with GrabAssist, GrabCar Plus and GrabFamily (Ages 1 – 3)

  • Introduces GrabAssist to provide additional assistance to persons with disability and seniors with mobility challenges
  • Unveils upcoming services including a premium economy transport option, GrabCar Plus, and a toddler-friendly service, GrabFamily (Ages 1 – 3)
  • More transport options to serve different segments of community and more income sources for drivers
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Business
July 24, 2017

Grab Announces Didi Chuxing and SoftBank As Lead Investors for Current Round of Financing

  • Strategic investment of a combined US$2.0 billion by Didi Chuxing and SoftBank deepens partnership with Grab
  • Grab expects to raise US$2.5 billion in total in current financing round
  • New financing to support Grab’s efforts in strengthening its dominant market position in on-demand transportation and payments in Southeast Asia
Business
June 6, 2017

Grab Celebrates Fifth Anniversary and Significant User Milestones

  • 3x growth in last year to 45 million downloads, and up to 2.5 million daily rides
  • Has provided higher incomes for nearly 1 million drivers and reduced travel time in half across Southeast Asia since founding
  • Adds GrabNow, New Service to Digitise Street Hailing