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Grab News

21 Jun 2023

Ride-Hailing & Food Delivery App Grab Slashes 1,000 Jobs

According to Grab CEO Anthony Tan, the move is to manage costs and remain competitive in a challenging business environment, reports Nikkei Asia.

29 Jul 2019

Grab to invest $2 billion in Indonesia using funds from SoftBank

The investment will go toward creating a next-generation transportation network and transforming how critical services, like healthcare, are delivered, Grab said in a statement.

03 Dec 2018

Grab invests $100 million in Indian hotel startup OYO

Grab, known as the Uber of Southeast Asia, was valued at around $11 billion at its last funding round in August.

26 Mar 2018

Uber exits SE Asia in new retreat from global markets

Grab has long been the dominant force in ride-hailing in Southeast Asia and speculation mounted that a deal with Uber was on the cards after Japanese financial titan Softbank invested huge sums in the US firm.

24 Jul 2017

Grab, Uber's SEAsia rival, to raise $2.5 billion from Didi, SoftBank, others

Grab expects to raise an additional $500 million, bringing the total to $2.5 billion in this round, which it said would be the largest-ever single financing in Southeast Asia.

ride-hailing firm Grab

23 Sep 2016

Uber rival Grab partners with driverless car firm in Singapore

Users of ride-hailing firm Grab will be able to book driverless cars from Friday as it partners with a start-up testing the technology in Singapore, just days after rival Uber debuted its self-driving vehicles in the United States.

02 Sep 2015

Food delivery: Zomato buys stake in Grab and Pickingo

Zomato is also set to launch online ordering service in Dubai, Australia and South Africa later this month.

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