Among the new initiatives, Grab has launched a “Women Passengers Preferred” feature that looks to prioritise matches between women drivers and passengers on the platform in an effort to increase safety for women driver-partners. 6 March 2024, Singapore – In line with the “Inspire Inclusion” theme of International Women’s Day this year, Grab today announced… Continue reading Grab Unveils Women Programme in Singapore to Reduce Barriers for Women Looking for Flexible Income Opportunities
Author: Grab Taxi Official News
Grab Reports Fourth Quarter and Full Year 2023 Results and Announces Inaugural Share Repurchase Program of Up to $500 Million
Q4 2023 Revenue grew 30% year-over-year to $653 million Q4 2023 Profit for the period was positive at $11 million Q4 2023 Adjusted EBITDA improved by $146 million year-over-year to $35 million Grab’s Board of Directors has authorized the repurchase of up to $500 million of the Company’s Class A ordinary shares SINGAPORE, February 22,… Continue reading Grab Reports Fourth Quarter and Full Year 2023 Results and Announces Inaugural Share Repurchase Program of Up to $500 Million
Grab Reports Third Quarter 2023 Results
Revenue grew 61% year-over-year to $615 million[1] Loss for the period improved by 71% year-over-year to $99 million Group Adjusted EBITDA grew to $29 million, delivering Grab’s first Adjusted EBITDA profitable quarter 2023 Revenue and Group Adjusted EBITDA outlook raised to $2.31 billion to $2.33 billion and $(20) million to $(25) million, respectively SINGAPORE, November… Continue reading Grab Reports Third Quarter 2023 Results
Grab Opens First Physical Merchant Centre to Support Singapore’s Small and Medium Businesses on their Digital Growth
Grab Merchant Centre offers a range of merchant services to help small and medium businesses jumpstart and scale their online businesses, and a physical space for networking Grab, Southeast Asia’s leading superapp, today officially opened its first physical merchant centre in Singapore, and launched its third annual Singapore Food and Grocery Trends Report. The Grab… Continue reading Grab Opens First Physical Merchant Centre to Support Singapore’s Small and Medium Businesses on their Digital Growth
Grab Brings More Affordable Features to Singapore Foodies
New features aimed at making GrabFood more accessible to more budget and value-conscious consumers Grab, Southeast Asia’s leading superapp, today unveiled new product innovations to offer GrabFood users more options at lower price points. The move is aimed at reaching out to more budget and value-conscious consumers who do not typically consider food delivery services… Continue reading Grab Brings More Affordable Features to Singapore Foodies
Grab Reports Second Quarter 2023 Results
Q2 2023 Revenue grew 77% year-over-year to $567 million[1] Q2 2023 Loss for the period improved by 74% year-over-year to $148 million Q2 2023 Adjusted EBITDA improved by 92% year-over-year to $(20) million Group Adjusted EBITDA breakeven guidance brought forward to Q3 2023 from Q4 2023 SINGAPORE, August 23, 2023 – Grab Holdings Limited (NASDAQ:… Continue reading Grab Reports Second Quarter 2023 Results
Grab Awards Scholarships and Bursaries to over 50 Driver- and Delivery-Partners’ Children in Singapore
Grab recently awarded the first batch of its 2023 Grab Emerald Circle Scholarships and Bursaries to 53 outstanding children of Grab driver- and delivery-partners. The beneficiaries include 9 scholarship recipients who received up to $10,000 each for their local university expenses, as well as 44 bursary recipients who received between $150 and $400 to support… Continue reading Grab Awards Scholarships and Bursaries to over 50 Driver- and Delivery-Partners’ Children in Singapore
Grab to acquire Trans-cab through its GrabRentals arm
SINGAPORE, 20 July, 2023 — Grab Holdings Limited (NASDAQ: GRAB) and Trans-cab Holdings Ltd (“Trans-cab”) today announced the signing of an agreement for Grab Rentals Pte. Ltd. to acquire 100% of the shares in Trans-cab. Trans-cab is Singapore’s third largest taxi operator, a familiar and well-respected local brand that has been serving Singaporeans since 2003.… Continue reading Grab to acquire Trans-cab through its GrabRentals arm
Grab Introduces GrabFood Dine-in BETA
GrabFood today announced GrabFood Dine-in BETA, a new feature to make it more convenient for consumers to discover, decide on and travel to their next dining venue, and can drive more consumers and potential new sales to Grab merchant-partners. Singapore, 1 June 2023 – GrabFood today announced GrabFood Dine-in BETA, a new feature to help… Continue reading Grab Introduces GrabFood Dine-in BETA
Grab co-founder Tan Hooi Ling to step down from official Grab positions by year end
Tan will be transitioning into an advisory role with Grab moving forward. SINGAPORE, May 25, 2023 — Grab Holdings Limited (NASDAQ: GRAB) today announced that Tan Hooi Ling has informed its board of directors of her intention to step down from her operating roles at Grab, including her directorship, by the end of 2023. Tan… Continue reading Grab co-founder Tan Hooi Ling to step down from official Grab positions by year end