Grab | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

Grab is Southeast Asia's leading superapp offering a suite of services like deliveries, mobility, financial services, and more. Guided...


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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.

Website
Headquarters
Singapore, Singapore
Size
5001-10,000 employees
Industry
Software Development
Specialities
Technology, Mobile, Logistics, Transportation, Payments, Southeast Asia, Fintech, Digital Banking, Delivery, Superapp

🛍️ Grab Product and Pricing News →

👔 Grab CEO, Management and Leadership Team →

⚔️ Grab Alternatives and Competitors →

💼 Grab Hiring and Layoffs →

🤖 Grab Developer, Integration and Automation News →

📈 Grab Financials, Fundraising and Valuation News →

Monitor your competitors, clients, accounts, partners etc. with RivalSense AI


🛍️ Grab Product and Pricing News

  • Grab has integrated with Alipay+ to enable transactions through their apps, expanding payment capabilities to Alipay+'s 1.3 billion users and 180 million merchants.
  • Grab launched Grab EV in five major cities, promoting a 'rent all in one app' program to encourage drivers to use electric vehicles.
  • Grab launched the 'Women Passengers Preferred' feature in March 2024, allowing women drivers to choose women passengers, resulting in a 49% increase in matches and a 26% rise in monthly active women driver-partners.
  • Grab launched the Grab EV initiative in five major cities, promoting an 'all-in-one app rental' program to encourage drivers to use electric vehicles.
  • Grab has updated its food delivery options, adding new restaurants like Panda BBQ and Artisan Boulangerie Co., while adjusting delivery times and minimum spend requirements for free delivery with GrabUnlimited.

  • Grab introduced a hardware version of its Web3 wallet called Carta, allowing users to own their private keys.
  • Grab's CPO pricing model for GrabAds has helped small businesses like Mak Nenek increase orders by 150% by only charging for ads that result in an order.
  • Grab will launch GrabBenefits 2.0 next year, offering higher subsidies for doctor visits, free flu vaccinations, and free massages for its drivers and delivery partners.

👔 Grab CEO, Management and Leadership Team


⚔️ Grab Alternatives and Competitors

  • Glovo
  • |
  • Uber
  • |
  • Didi
  • |
  • Ola
  • |
  • Savaari
  • |
  • LINE MAN Wongnai
  • |
  • Dunzo
  • |
  • Dada Group
  • |
  • Cabify
  • |
  • inDrive
  • |
  • Lipaworld
  • |
  • GO-JEK
  • |
  • Lyft
  • |
  • Gett
  • |
  • iCarsClub
  • |
  • oBike
  • |
  • Neuron Mobility
  • |
  • Foodpanda
  • |
  • LINE
  • |
  • ShopeeFood
  • |
  • BeCar
  • |
  • Deliveroo
  • |
  • Comfort
  • |
  • AirAsia Food

Monitor your competitors, clients, accounts, partners etc. with RivalSense AI


💼 Grab Hiring and Layoffs

  • Justin Halim has joined Grab as an Advisor in Singapore, previously serving as an Advisor at Badge.
  • Raka Dipoyansyah has joined Grab as a Business Partner in Indonesia, previously serving as Treasury at PT. Tiki Jalur Nugraha Ekakurir (JNE).
  • Justin Halim has joined Grab as Regional Head, Managed Enterprise Business: GrabAds, Grab for Business, Regional Accounts & Agencies in Singapore, previously holding a similar position at another company.
  • Grab is currently seeking a Lead IT Business Partner (Finance Systems) in Singapore.
  • Grab is hiring for a new position as announced by Chuck Kim, Head of Group Business Development and Strategic Partnerships.

  • Grab is currently hiring for the position of Principal Enterprise Architect - Automation and Integration in Singapore.
  • Anil Yadav has left Grab as a Senior Engineering Manager (SRE/DBRE) in India to join HDFC Securities as Vice President of Engineering.
  • Grab is currently hiring for the position of Institute Director, Tech for Good Institute in the Philippines.

🤖 Grab Developer, Integration and Automation News

  • Grab partners with AlipayPlus and StraitsX to allow AlipayPlus users to make purchases in their local currency at GrabPay merchants in Singapore.
  • Grab partnered with Pure Earth and FKUI to provide lead hazard education and health checks for Grabbike drivers.
  • Grab collaborates with StraitsX and Ant International to transform tourism spending in Singapore.
  • Grab and OpenAI have announced a strategic collaboration to enhance user experiences in Southeast Asia using AI.
  • Grab has partnered with SP Group, Charge+, CDG ENGIE, ChargEco, Shell, and Volt EV Charging to offer charging discounts for EV driver-partners in Singapore as part of GrabBenefits 2.0.

  • GrabMaps has partnered with Loqate to enhance location data capabilities in Southeast Asia, starting with Malaysia, as announced on October 29, 2024.
  • On October 15, 2024, Grab partnered with 2GO to integrate ride-hailing services with sea travel across five major Philippine ports, offering promo codes for seamless travel.
  • Grab launched a campaign with PayPal.

📈 Grab Financials, Fundraising and Valuation News

  • Grab's share price has significantly dropped since its IPO, and the company is currently operating at a loss.
  • Grab reported a revenue of 15,622 million baht and a profit of 1,308 million baht in 2023.
  • Grab reported its second quarter 2024 results on August 15, 2024.
  • Grab's share price experienced contrasting fortunes as investors sought greater profitability.
  • Grab's shares slumped after reporting quarterly revenue growth that missed estimates, highlighting intense competition in Southeast Asia.

  • In 2023, Grab generated over $2 billion in revenue, serving 35 million customers and providing 13 million gig jobs across Southeast Asia.
  • Grab announces an inaugural share repurchase program of up to $500 million.
  • Grab's stock fell 5.9% after its second-quarter revenue of $664 million missed estimates and its growth rate lagged behind Uber's.

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