It was reported last week that Southeast Asian ride-hailing and delivery giant Grab is looking to secure a $2 billion loan in order to acquire Indonesia’s GoTo. The deal, if it goes through, would value GoTo at around $7 billion and represent a major rewiring of the region’s consumer-facing techContinue Reading
Grab’s challenge has been to transition from reliance on aggressive subsidies toward a model based on organic growth and operational efficiency. Taking the reported metrics together, they suggest that Grab’s operational improvements are beginning to pay off and customers are responding well to its strategy. A COMPETITIVE SOUTHEAST ASIA LANDSCAPEContinue Reading
CCCS in 2018 fined Grab and Uber a combined S$13 million (US$9.76 million) after Grab failed to notify it of its merger with Uber, which substantially reduced competition in Singapore. Last year, Grab called off its proposed acquisition of Singapore’s third-largest taxi operator, Trans-cab. The commission said it can imposeContinue Reading
