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

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Founded Year

2012

Stage

Corporate Minority - IV | Alive

Total Raised

$12.431B

Last Raised

$375M | 5 mos ago

Revenue

$0000 

About Grab

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

Global e-Hailing Markets Report 2021-2026 Featuring Uber, Lyft,, Didi Chuxing Technology, Ola Cabs, MyCar,Grab Holdings, Gojek, & Bolt

Nov 18, 2021

The global e-hailing market is projected to witness a compound annual growth rate of 24.02% to grow to US$238.191 billion by 2026, from US$52.775 billion in 2019. The rising proliferation of smartphones and internet connectivity is driving the demand for e-hailing services across the globe. According to DataReportal, 2021, the number of mobile subscriptions associated with smartphones reached 6.4 billion globally. Further, the growing internet penetration nationwide is contributing to the growth of the e-hailing market. INCREASING INVESTMENT AND PARTNERSHIPS One of the key factors complementing the demand for the global e-hailing market is the lucrative investment and increasing collaboration and partnerships in the industry. The investment in the e-hailing cluster has been constantly increasing every year which is propelling the market growth. Several market giants are forming partnerships and collaborations in the mobility sector to meet the increasing customer demand which is increasing the competitiveness of the market. Since 2010, the investors have invested over $330 billion in more than 2,000 mobility companies. At the beginning of 2019 alone, over $100 billion was invested. Despite the Covid-19 pandemic, in October 2020, $39 billion was invested globally in mobility technologies. Furthermore, Ford and Volkswagen, in July 2019, together invested $7 billion in Agro Al, an autonomous vehicle platform. Similarly, in February 2019 Daimler and BMW entered into a partnership of $1.13 billion to introduce car-sharing, ride-hailing, and multi-modal transportation services. Such partnerships and collaborations will strengthen the market growth of the e-hailing market during the forecast period. RISING IMPACT OF E-HAILING CARS Urban transportation is certain to be affected more by the rapid growth of ride-hailing services. Furthermore, it is likely to have an effect on urban traffic congestion and environmental pollution. In the Asia-Pacific region, e-hailing is projected to grow rapidly. China and India have dense populations and rising urbanization, which account for much of the growth in Asia-Pacific. With urbanization and growing traffic congestion, ride-hailing services are likely to be in demand. By 2030, South Asia's urban population is expected to grow by almost 250 million, more than the entire demographic of Japan between 2001 and 2011. In a survey done by Cox Automotive in 2019, around 55% of millennials and 34% of Gen X agree that transportation is important, but owning a vehicle is not. Therefore, millennials are less likely to own cars, so on-demand transportation services like e- hailing, due to their lower rates of ownership are driving the market growth. INDIA IS EXPECTED TO REGISTER SIGNIFICANT GROWTH The state of public transportation in India has remained in a dilapidated state over the years with low connectivity. The launch of e-hailing services in the market has transformed the way people travel. The increasing usage of smartphones and cheap internet services has assisted the spread of the market. The booking apps provide a hassle-free service easing the journey for travelers. Uber started in India in 2013 currently operating in all major cities. Currently, Uber not only provides riding services but also package delivery. Uber Moto is highly popular in the country as traffic congestion remains a major issue. Other two-wheeler services like Rapido are also extensively used. Homegrown brand Ola also provides similar services with the largest share in the market during the period. In 2021, Ola launched its electric scooter bringing transformation in their product and service portfolios. Self-driven e-hailing services like Zoomcar are a common choice for long-distance journeys. Other market players in the country include Meru Cabs, Carzonrent, Jugnoo taxi, Mega cabs accrue a considerable market share even in the presence of giant market players. As electronic vehicles are launched in India, the e-hailing market will further expand with a low-cost structure due to the high price rise of petrol and diesel. IMPACT OF COVID-19 On The E-Hailing Market However, with the impact of the COVID-19 pandemic, the E-hailing market had been estimated to lose a fair share of revenue, due to the increase in restrictions by the government, worldwide. Moreover, the travel ban imposed, and closure of public and private places also had a negative impact on the market growth, in the year 2020. Major companies such as Uber, Lyft, and others, had reported a significant decline in their revenue in 2020. These companies had reported a major decline in their gross bookings in 2020, as compared to its previous year. Many countries have also allowed the movement of e hailing vehicles, as these countries have begun to ease COVID-19 restrictions. For instance, in June 2021, in Malaysia, e-hailing vehicles and taxis in Malaysian Peninsula had been allowed to operate across states and districts. Report Scope

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

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

906 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)

1,383 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

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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

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