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Corporation
MOBILE & TELECOMMUNICATIONS | Mobile Commerce / Travel (mobile)
grab.com

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Founded Year

2012

Stage

Reverse Merger | IPO

Total Raised

$12.431B

Revenue

$0000 

About Grab

Grab (NASDAQ: GRAB) is an on-demand transportation and mobile payments platform, offering private car, motorbike, taxi, and carpooling services in Southeast Asia. The platform features GrabPay Credits, a cashless top-up payment option; the 'Share your Ride' function, which allows users to share their journey through social media or messaging apps with friends and family, providing extra security for passengers; and the ability to rate drivers and view their information.

Grab Headquarter Location

28 Sin Ming Lane #01-143, Midview City

Singapore, 573972,

Singapore

+65 6655 0005

Latest Grab News

Grab's Nasdaq debut to set tone for Southeast Asian tech listings

Dec 2, 2021

Grab's Nasdaq debut to set tone for Southeast Asian tech listings FILE PHOTO: A man walks past a Grab office in Singapore March 26, 2018. REUTERS/Edgar Su 02 Dec 2021 08:49AM (Updated: 02 Dec 2021 09:18AM) SINGAPORE: Grab, Southeast Asia's biggest ride-hailing and delivery firm, makes its market debut on Thursday (Dec 2) after a record US$40 billion merger with a special purpose acquisition company (SPAC), in a listing that will set the tone for other regional offerings. The backdoor listing on Nasdaq marks the high point for the nine-year-old Singapore company that began as a ride-hailing app and now operates across 465 cities in eight countries, offering food deliveries, payments, insurance and investment products. Grab's rivals, including regional internet firm Sea and Indonesia's GoTo Group, are also bulking up, with the region's internet economy forecast to double to US$360 billion in gross merchandise volume by 2025. Grab was founded by Anthony Tan, its chief executive, and Tan Hooi Ling, who developed the firm from an idea for a Harvard Business School venture competition in 2011. CEO Tan, 39, expanded Grab into a regional operation with a range of services, after launching as a taxi app in Malaysia in 2012. It later moved its headquarters to Singapore. "What we have shown to the world is that homegrown tech companies can develop great technology that can compete globally, even when international players are in town ... we can compete and win," Tan told Reuters. He said Grab's listing would help showcase the opportunity available to investors in Southeast Asia, a region with a population of about 650 million. Grab's listing brings a payday bonanza to early backers such as SoftBank Group Corp and Chinese ride-hailing giant Didi Chuxing, which invested as early as 2014. They were later joined by others, such as Toyota Motor, Microsoft and Japanese bank MUFG. Uber became a Grab shareholder in 2018 after selling its Southeast Asian business to Grab following a five-year battle. Analysts see scope for many players in Southeast Asia's fragmented food delivery and financial services markets, but the road to profitability can be a long one. In September, Grab cut its full-year adjusted net sales forecasts, citing renewed uncertainty over pandemic curbs on movement. Third-quarter revenue fell 9 per cent and its adjusted loss before interest, taxes, depreciation and amortisation (EBITDA) widened 66 per cent to US$212 million. Grab said GMV jumped 32 per cent in the quarter to a record US$4 billion. It aims to turn profitable on an EBITDA basis in 2023. Grab said it completed its business combination with the SPAC, Altimeter Growth Corp. Grab will begin trading on Nasdaq under the ticker symbol "GRAB". Grab raised US$4.5 billion alongside the SPAC transaction, including US$750 million from Silicon Valley tech investor Altimeter Capital Management in a deal in April.

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Expert Collections containing Grab

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Grab is included in 6 Expert Collections, including Supply Chain & Logistics Tech.

S

Supply Chain & Logistics Tech

3,986 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

U

Unicorns- Billion Dollar Startups

925 items

O

On-Demand

1,239 items

P

Payments

1,920 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

M

Mobility-as-a-Service

555 items

Companies developing solutions to streamline the way people move themselves. Includes companies providing on-demand access to passenger vehicles and micromobility solutions as well as companies integrating multiple modes of transport, including public transit, into one service.

F

Food & Beverage Delivery (Grocery & Meal)

1,384 items

Startups and tech companies offering online grocery, food, beverage, and meal delivery services.

Grab Patents

Grab has filed 2 patents.

The 3 most popular patent topics include:

  • Drinking glasses
  • Drinkware
  • Locks (security device)
patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/5/2015

6/2/2020

Promotion and marketing communications, Social information processing, Advertising techniques, Advertising, Social networking services

Grant

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00/00/0000

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Application Date

7/5/2015

00/00/0000

Grant Date

6/2/2020

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Title

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Related Topics

Promotion and marketing communications, Social information processing, Advertising techniques, Advertising, Social networking services

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Status

Grant

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Grab Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Grab Rank

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