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Brought to you by RivalSense - an AI tool for monitoring any company.

RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

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Grab

🌎 grab.com

Grab is Southeast Asia's leading superapp offering a suite of services like deliveries, mobility, financial services, and more. Guided by The Grab Way, their mission is to drive Southeast Asia forward by creating economic empowerment for everyone.

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Grab - Latest News and Updates

• Grab has launched GrabShare in Lembah Klang, allowing users to share rides and save on fares.
• The Court of Appeal dismissed MyCC's appeal to reinstate a RM86.77 million fine against Grab and its subsidiaries due to procedural impropriety.
• The Court of Appeal upheld the Kuala Lumpur High Court's decision to quash the RM86.77 million fine imposed on Grab and its subsidiaries by the Malaysia Competition Commission.
• Grab is actively pursuing the acquisition of GoTo Group with a potential valuation of over $7 billion, aiming for completion by 2025.
• Grab has launched new features and expanded its SAVER service across Thailand, resulting in a significant increase in usage and supporting the government's tourism promotion efforts.

• Grab is conducting due diligence on GoTo as part of its move to acquire the Indonesian rival.
• Grab's US-listed shares rose by 2.8% as the company advances efforts to acquire Indonesian rival GoTo Group.
• Grab has implemented comprehensive automation to enhance Hugo's monitoring and reduce on-call workload, improving data pipeline stability.
• Grab's Chief Product Officer Philipp Kandal announced that early access to OpenAI's new o1-pro model improved their data query tool Jarvis by increasing accuracy by 6 percentage points and reducing errors.
• Grab has enhanced its Spark observability by transitioning to a unified platform using StarRocks, improving real-time and historical data analysis.

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