Gross Merchandise Value reached an all-time high of $3.9 billion, up 62% year-over-year Adjusted Net Sales reached a new quarterly record of $550 million, increasing 92% year-over-year Revenue grew to $180 million, up 132% year-over-year Deliveries continues to outperform with 68% year-over-year growth in Adjusted Net Sales New report by NielsenIQ finds Grab [1] to… Continue reading Grab Reports Second Quarter 2021 Results
Author: Grab Taxi Official News
Online food delivery spend to more than triple in Southeast Asia by 2025
Grab has released its 2021 Food Delivery Industry Overview report in partnership with Euromonitor International. The report was based on research completed in Q2 2021 and seeks to provide an in-depth view into the food delivery industry over the next five years, including Southeast Asian consumers’ appetite for food delivery services post-COVID-19. Food delivery transactions… Continue reading Online food delivery spend to more than triple in Southeast Asia by 2025
Grab Announces Strong First Quarter 2021 Results as Company Progresses Towards U.S. Public Listing in Partnership with Altimeter Growth Corp.
Q1 2021 Adjusted Net Sales reached an all-time high of $507 million and grew 39% year on year. Revenue presented in accordance with IFRS was $216 million, also a record for Grab Quarterly Adjusted EBITDA improved by $233 million year on year to $(111) million Grab has filed a registration statement on Form F-4 with… Continue reading Grab Announces Strong First Quarter 2021 Results as Company Progresses Towards U.S. Public Listing in Partnership with Altimeter Growth Corp.
Hyundai Motor Group Deepens Partnership with Grab to Accelerate EV Adoption in Southeast Asia
Hyundai Motor Group and Grab Holdings Inc. (Grab) today announced an enhancement of their ongoing strategic partnership in mobility services. Hyundai Motor Group and Grab have expanded their partnership to accelerate adoption of electric vehicles (EVs) in Southeast Asia Both parties to explore launching new EV business models including battery-as-a-service and EV financing to drive… Continue reading Hyundai Motor Group Deepens Partnership with Grab to Accelerate EV Adoption in Southeast Asia
Grab Releases First ESG Report; Announces Initiatives to Reduce Carbon Footprint
New carbon reduction measures include a carbon offset feature for ride-hailing services, and expanded EV partnership with Hyundai Motor Group First ESG report outlines the company’s progress to support socioeconomic empowerment and sustainable growth SINGAPORE, 22 June 2021 – Grab, Southeast Asia’s leading superapp, today announced new initiatives that reinforce its commitment to reduce carbon… Continue reading Grab Releases First ESG Report; Announces Initiatives to Reduce Carbon Footprint
Grab unveils new industry training programme for food delivery-partners in Singapore
The programme is jointly developed and launched by Grab, Asian Detours, ComfortDelGro Driving Centre and Ngee Ann Polytechnic It will be available for sign-ups by any delivery-partner in Singapore SINGAPORE, 4 June 2021 – Grab will launch a new food delivery sector-focused training programme this July. Jointly developed by Grab, Asian Detours (AD), ComfortDelGro Driving… Continue reading Grab unveils new industry training programme for food delivery-partners in Singapore
GrabSupermarket Launches in Singapore, to Offer over 10,000 Products with Next-Day Delivery
Grab today announced the launch of GrabSupermarket in Singapore, as part of its strategic expansion of GrabMart, Grab’s on-demand everyday goods delivery service. Grab will partner with HAO, one of the fastest growing supermarket chains in Singapore, to offer consumers over 10,000 products with next-day delivery. This partnership aims to meet a rapidly growing market… Continue reading GrabSupermarket Launches in Singapore, to Offer over 10,000 Products with Next-Day Delivery
Grab Introduces Holistic Support Programme for Driver-Partners
Grab today announced a holistic support programme comprising various new and enhanced initiatives to provide stronger support for driver-partners in sustaining a livelihood on the Grab platform. Initiatives aimed at alleviating immediate financial strain faced by driver-partners during this period of tightened measures, and sustainably improving their earnings from a long term view Support initiatives… Continue reading Grab Introduces Holistic Support Programme for Driver-Partners
Grab Closes US$2 Billion Term Loan Facility
Grab announced today the successful close of its first senior secured term loan facility, after securing commitments from international institutional investors. SINGAPORE, 1 February 2021 – Grab announced today the successful close of its first senior secured term loan facility, after securing commitments from international institutional investors. The facility is structured as a five year… Continue reading Grab Closes US$2 Billion Term Loan Facility
Grab launches GrabAssist Plus, expanding its suite of transport services for persons with disabilities in Singapore
GrabAssist Plus allows persons with disabilities to travel to and from partnering healthcare institutions without dismounting from their wheelchairs throughout the journey GrabAssist Plus allows persons with disabilities to travel to and from partnering healthcare institutions without dismounting from their wheelchairs throughout the journey To go live on 8 February, the new service offers an… Continue reading Grab launches GrabAssist Plus, expanding its suite of transport services for persons with disabilities in Singapore